Prop 13 is very regressive. The guy who gained 2 million dollars on his house's value, pays 2k in taxes, whilst the poor guy neighbor with the same exact house, who bought recently, has to take out 5 mortgages to buy that 2 million$ house and then, thanks to prop 13, is paying 10 times more taxes.

Millennials have been in a very poor position to start with, but Prop 13 really drives the last nail into the coffin.