NSR, I could see your point if Prop 13 was repealed (extremely unlikely to happen) and all CA properties were reassessed to market value or near-market value.
There are no “sour grapes” on my end regarding Prop 13 in and of itself. My only issues are with “heirs” receiving their parent’s/grandparent’s assessment appurtenant to any real property they inherit. It is wrong because (a) they are usually younger, able bodied and no more deserving than you or me to get a HUGE tax break; (b) most of the “heirs” can well afford to pay tax on the “stepped-up value” of the property upon their parents/grandparents death (and if they don’t think so, they can learn to budget for property taxes …like you and I do… or decide to sell the property instead); and, (3) Props 58 and 193 heavily encourage and facilitate keeping a property in the family into perpetuity, thus reducing inventory and resulting in higher asking prices.
