[hashouseincali]

Another point tho ... where I live doubling the taxes and pricing out those holding on with fingernails will only speed the gentrification. I would have no problem selling my house right now at market value and the buyers from the valley wouldnt bat an eye at the taxes ... not even including the foreign buyers coming in to hide the peoples squandered moneys. Prop 13 aids those like myself by keeping us out of the market loop ... I feel no pressure to sell and have no interest in buying again.

[mdavidn]

Prop 13 does keep you in that home, true, but a more stable home value would also keep taxes low. One way to keep home values low is to build high-density housing in the area. Such projects are opposed by local home owners in California.