> The alternative is that we basically force people out of houses they've bought by gouging them with taxes.
So presumably you're also in favor of rent control^? The alternative is that we basically force people of out houses they've lived in forever by letting landlords (themselves benefiting from Prop 13) gouge them with crazy rent increases^^.
^ For the record I think both Prop 13 and rent control are bad ideas.
^^ The crazy rents are themselves due to Prop 13 removing any incentives for property owners to sell or upzone because property taxes on single-family homes are unaffordable.
CA didn't have rent control until after Prop 13 passed. Howard Jarvis rallied renters by claiming that landlords would be nice and pass the tax savings onto their tenants. Somehow people believed this and, when it didn't happen, lashed out with aggressive rent control laws in our major cities.
So presumably you're also in favor of rent control^? The alternative is that we basically force people of out houses they've lived in forever by letting landlords (themselves benefiting from Prop 13) gouge them with crazy rent increases^^.
^ For the record I think both Prop 13 and rent control are bad ideas.
^^ The crazy rents are themselves due to Prop 13 removing any incentives for property owners to sell or upzone because property taxes on single-family homes are unaffordable.