> because they're paying the same nominal property tax rate from 40 years ago This is a myth. Nobody is paying the same property tax from 40 years ago. Propert

> because they're paying the same nominal property tax rate from 40 years ago This is a myth. Nobody is paying the same property tax from 40 years ago. Property taxes in California go up 2% every year under Prop 13. It can be argued whether costs should increase faster or not, but in any case it is factually incorrect to say someone is paying the same as 40 years ago.