[quote=UCGal]I don’t think it will be broadly repealed. But I can see it being modified.
– eliminating Prop 13 for investment or non owner occupied properties.
– perhaps allow a slightly higher increase per year.
– eliminate the family transfers or senior transfers. (Disclaimer, I benefited from the generational transfer, otherwise my dad would have used the clause that lets seniors transfer their rate to an equal or lesser value property.)[/quote]
Agree with this.
Eliminating or reducing Prop 13 benefits for investors is not nearly as unpopular as many seem to think it is. Many young people, in particular, really hate Prop 13 because they (rightly) feel that they are having to pay higher taxes/get fewer benefits to offset the tax losses from those who get the Prop 13 tax subsidy. The population of those who oppose Prop 13 is constantly growing.
While I like Prop 13 for a single, primary residence ONLY, I do not support tax subsidies for rentier capitalists.
