It’s hard to have a ton of sympathy for people paying very little tax on their 7-figure property. Sell it and move anywhere else…but the real pro move is to just rent it out and live somewhere else. We have neighbors in our Silicon Valley suburb who live in RVs in their driveway so they can rent the entire house and still “live” there. Great retirement plan / grift that will never be available to younger generations.
Since 1977 (before Prop 13) we've had the California Tax Postponement Program. Low income seniors, the disabled and the blind can defer taxes indefinitely. They have zero pressure from the state to move.
Meanwhile, anyone who didn’t buy a house or property for a business 20+ years ago is priced out of the market, so we have tons of low-quality stores and businesses that are insulated from competition. It’s interesting how many free market advocates will throw their values out the window when it benefits them to do so.