Sheesh, you can buy a decent 2/2 condo in the area with HOA of ~$250/mo for about $200k. You’re talking PITI of $1200/mo assuming 80% LTV. If they can afford to rent something smaller and save a bit, they can afford to buy.

Why does a home have to mean detached with a huge yard?

Oh, and agreed with BG that Prop 13 should reset to fair market value upon a transfer within the family or probate, unless it’s a transfer between spouses. However, it shouldn’t just apply to primary residences. Unpredictable tax increases on landlords will just result in more property in distress. Rental property margins in San Diego are slim as it is, without adding at-will tax hikes into the equation.