If you want to protect poor homeowners, that's a noble goal, but it should be achieved with a narrowly tailored policy. Thousands of rich homeowners in Palo Alto are paying less than 10k per year on multi-million dollar properties because of Prop 13, and that's both unfair and unsustainable. Not to mention the corporate properties: Disney World, for example, pays an indefensibly low tax rate.

The negative side effects of Prop 13 far, far outweigh any benefit to poor people (most of whom are renters priced out due in part to Prop 13!).

Renters are just as impacted by prop 13 as buyers, since landlords pass on the costs.

That’s now how pricing happens at all. Rent is not based on “cost plus” pricing it is based on supply and demand

There’s an obvious and easy first step: End Prop 13 for anything that isn’t an owner occupied home. Business/capital interests won’t allow that though.