I will pay more in property tax this year as a new owner than my next door neighbor has paid in TOTAL since they moved there in 1965. That's California's Prop 13. It's a massive wealth transfer from the young to the old, many of whom rent their homes and keep the profits
san francisco land owners are essentially a hereditary gentry. wealthy, politically well-connected, powerful, and the status is inherited. any notion these laws are designed to help poor people is propaganda.
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Thomas Jefferson owned a mansion but was cash poor even close to bankrupt. If he was alive today, living in his house for 30 years, would u describe him as poor living in his mansion?
End of conversation
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