Yeah, without being a policy junkie I think a reasonable step would be to have Prop 13 only apply to primary residence — investment real estate would be subject to a “wealth tax,” but folks wouldn’t get priced out of their primary home due to gentrification.
Prop 13 should also not apply to inherited houses. It’s creating a class of landed gentry who were lucky enough to have parents living near the housing boom, and pricing out anyone who moved here in the last 20 years.
Yeah, without being a policy junkie I think a reasonable step would be to have Prop 13 only apply to primary residence — investment real estate would be subject to a “wealth tax,” but folks wouldn’t get priced out of their primary home due to gentrification.
Prop 13 should also not apply to inherited houses. It’s creating a class of landed gentry who were lucky enough to have parents living near the housing boom, and pricing out anyone who moved here in the last 20 years.