[quote=CA renter]Yes, they are indirectly paying the property taxes for their landlords in most cases. This is exactly the group I want to help by freeing up more for-sale inventory at better prices. Most renters want to own, but are not able to because of inventory constraints due partly to Prop 13 and also the hordes of speculators who bid-up housing prices so they can have renters pay their mortgages/taxes/insurance/profits for them.

Though this isn’t related to Prop 13, I would also disallow GSE/FHA financing for investment properties and second homes, and eliminate the mortgage interest deduction for investment properties (all MID, actually).

I would also favor changing the rules regarding “stepping-up” the cost basis of housing upon the death of an owner (for the benefit of the heir/beneficiary), and exchange that for an inflation adjustment to the cost basis for all real estate sold by anyone, not just lucky heirs. This would free up a lot of RE that people are holding onto in order to avoid the tax consequences of selling before the death of the original or long-term owner.[/quote]You still fail to see that the renters are subsidizing you, a home owner, as much as those landlord you seem to hate so much. Fact is, like it or not, you as a home owner, is taking subsidies from the poorer people of this state. If you want change, why not start w/ the person in the mirror, like Michael Jackson said so eloquently.

BTW, do you own a long term rental? If yes, would you sell if your cost of owning that property goes up a few thousands a year? IIRC, you rented from a long time landlord at a very good price. Would you think you would have gotten that rental price if their cost is higher?

Again, you’ve provided no proof that removal of prop 13 on non primary would force long time land lord to sell or it would prevent people who want to be landlord from buying.