They have been talking about tweaking Prop 13 for years, so it should be interesting to see how this variation on a theme goes this time around.
It’s true that if 13 is repealed in it’s entirety, it would effect some retirees and long-time property owners–not us (although we’re not yet retired) or anyone we know, since most own all properties free and clear, and have more than enough funds to live for the rest of our/their
lives, and probably their children’s lives–especially if they sell their investment properties–but yes, some retirees might have to leave the state under those circumstances.
