[quote=CA renter]
Those numbers in your chart mute the real effects of Prop 13 on the owner-occupied/rental housing ratio, particularly in desirable areas with older housing stock (which is where the benefits of Prop 13 are the greatest). The fact so much of California’s newer housing developments were built in “lizard land”– making it more affordable for younger buyers — is what has kept the *statewide* owner-occupied numbers fairly stable. In the desirable areas and job centers with homes built before Prop 13, the owner-occupied rates have fallen dramatically….[/quote]Uh, Prop 13 starts in 1978, so why did you use 1960 numbers? If you use 1970s, which would be more appropriate, home ownership is up. But you’re trying to link causation where there doesn’t seem to have any hard evidence of one. You stated a declined of home ownership after prop 13 came into effect, but the opposite is true. Also, could home ownership have something home price vs rent and not so much prop 13? Unless you’re hypothesizing that somehow, if we remove prop 13 for non-owner occupied, that somehow will reduce price and get more people to buy vs rent? If your assertion is prop 13 reduces home ownership, then why not remove prop 13 for everyone? All other states don’t have prop 13 and they seem to have retires doing OK and have a higher home ownership than us.
