[quote=The-Shoveler]OK We can double you property tax but you are not allowed to pass that on to the renters who live there.
Yea that’s going to work,
I just think there will be a lot of repercussions to a tax hike of that magnitude that have not been well thought out just yet.[/quote]
It’s not a matter of what one is “allowed” to do. Rents are already notoriously unaffordable in the desirable areas in California (where Prop 13 has the greatest effect).
This is exactly why many landlords will re-evaluate their situation and sell their long-time rentals, whether paid off or not.