Agree I overstated tax benefit for a typical Cal buyer.

On the other hand, Chuck and Nancy hate the salt limit, and so do blue state suburban republicans, and once such Republican is likely to be the next house speaker, Kevin McCarthy.

So I think the current salt limit will likely be raised if not eliminated.

And of course for investors property tax is deductible. Maybe that irrationally is why investors are growing while homeownership isn’t?

As for rent control, as I said, even those of us exempt still have a market that is partly restrained by those who are limited. My 2/2 with parking in a free market might have gone to someone who instead is sticking with a smaller 2/1 with no parking because he’s legally protected from paying market rent increases.