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by rrauenza 3229 days ago
Speaking of moving - a downside of prop 13 is that people used to upgrade / downgrade their houses. Have kids? Get a little bigger house. Retire? Downsize.

So now people buy in and don't move.

1 comments

IIRC you can usually transfer your tax advantaged status to the same county if you buy a smaller place. It's a little restrictive but it still enables you to downgrade.