But I think part of grandparents point was that there enough people willing to meet the price that sellers aren't left with an unsold home, meaning that relatively large numbers of people if you consider it relative to the number of homes for sell. You could use a different measure for the relativity, but the ones I considered (for all of two minutes) don't seem as informative as the one grandparent used.
Right: the problem here is that there aren't enough homes (Prop 13 + local zoning + high cost of construction), not that the ones that exist should be cheaper.
It’s still easy to point at prop 13. It prevents all manner of people from moving or do other things so they can keep the current tax rate. I would love to move from our smallish home, but our current effective tax rate is 0.70% dropping since we purchased 5 years ago. Our property tax would practically double if we moved so best we can do is expand the home. But in doing this I have now priced my smaller home into a bigger home taking it out of reach of someone wanting a smaller home.
You can afford to pay more for a larger home but can't afford double the tax? That doesn't make sense. The mortgage jump should be a bit a lot more than the taxes considering market moves.
I think the new tax regime has more to do with tax unaffordability than the actual tax rate.
But I think part of grandparents point was that there enough people willing to meet the price that sellers aren't left with an unsold home, meaning that relatively large numbers of people if you consider it relative to the number of homes for sell. You could use a different measure for the relativity, but the ones I considered (for all of two minutes) don't seem as informative as the one grandparent used.