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Re:California is chasing wealth that has feet by pc86 on Thursday September 24, 2026 @06:08PM (#49837374)
I think not wanting to pay some yearly tax on that $1.4 million because the government pretends that the same as having $1.4M cash in the bank, or making $1.4M in a year, is fine.

Not wanting to pay the property taxes associated with a $1.5M home is the problem.

Re:California is chasing wealth that has feet by tikhonj on Thursday September 24, 2026 @06:13PM (#49837441)
Which is why we also have things like a deferred property tax program! The way to "solve" the problems Prop 13 addresses would be to expand programs like that, but homeowners—disproportionately active middle- and upper-middle-class voters—want to have their cake and eat it too.
Re:California is chasing wealth that has feet by 999900000999 on Thursday September 24, 2026 @08:32PM (#49838691)
It wildly distorts the entire real estate market. Cool your home is worth 1.5 million. Your kids will never ever afford a home.

Without prop 13 that house would probably only be worth 600k. What difference does it make if it functions as a home.

Too late to fix it now.