But it's going to be a disaster. There are already upscale towns in this area, where most businesses can't afford the rent. Even some chains/nationwide businesses can't afford it. If prop 13 is gone, how many of these businesses will be forced out. Id they do it residential only internet millionaires will be able to afford it. They might as well ban retirees from most the state.
Most retirees in CA don't need to be banned. Most leave on their own. Most of the older one's I knew who were still left, were certainly not happy campers as they watched their friends and families move and bail out. It's a scenario that's repeated itself millions of times.
BTW, no surprise about them going after prop 13 commercial/business properties. No surprise at all. It's a punitive state to live in nowadays. All changes are for the worst. It never gets better in CA.