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by mikevp 2405 days ago
But before Prop 13, people on fixed incomes were getting taxed out of their paid-off homes they'd lived in for decades.
2 comments

Downsizing as you get older is a normal thing in the other 49 states.

Also, Prop 13 inexplicably applies to commercial real estate, and inherited property.

Nothing inexplicable about the application to commercial real estate. The major backers of the law were corporate interests.

Also the inherited property bit was a separate amendment. And there is no limit either.

Which is in itself a symptom of the housing crisis. Instead of fixing the root problem they accelerated it.