[nugget]

I think the push back comes from the fact that in many of these places, Government policies are very favorable to owners and investors. In California, for example, property taxes are extremely low, while sales and income taxes are the highest in the entire country. As domestic home ownership decreases, the domestic political support for such favorable policies will decrease as well. As California's home ownership rate decreases (and fiscal pressures increase), there's no doubt in my mind that proposition 13 will eventually come under attack and eventually be repealed. If property taxes were 3%, like in Texas, I don't think as many people would complain about absentee ownership since so much of the value flows back to the community each year.

[greglindahl]

Wow! Given that many citizens in California would like to destroy Prop 13, that sure is an interesting way to approach killing it.