[majormajor]

"Congrats, you have won the lottery, now you have to move somewhere way cheaper - probably because it doesn't have many of the features that drew you here in the first place!"

"All because a bunch of people with more money than you are now willing to pay a bunch of money for your neighbors' places."

I think laws and policy should exactly be focused on protecting those who have less from the impact of those who have more. Not because they're morally superior or anything, but just to try to keep things balanced because the people with the money already enjoy so many other advantages.

Moving is hugely disruptive to people's life, so the ability to plan expenses - both for property tax and in terms of rent control - has a lot of non-financial appeal as a policy. "Make people move when folks with more cash want to come in" is at best a somewhat heartless position, and at worse a major driver of homelessness.

[cheriot]

> "All because a bunch of people with more money than you are now willing to pay a bunch of money for your neighbors' places."

You're missing the part where city policy creates the housing shortage. It's the city that approves zoning for a huge number of offices and then refuses to allow more homes. The homeowners reaping these massive rewards are who vote in favor of the housing shortage.

There's easy ways to deal with the down sides of increasing property values. Delay the payment to sale or even tax the value from some number of years ago.

> Moving is hugely disruptive to people's life

The housing shortages in CA are doing this to renters and anyone else that's forced to move. Older couple that can't handle stairs, growing family, etc.

Prop 13 is a horrible way to address any of these problems.