California has one thing right - Prop 13.
It limits property taxes. Home paid for, nice neighborhood, 3 bedroom 2 baths - $1,300 property tax.
Now when the home is sold the property tax will be set at the value of the home when sold.
If it was not for Prop 13 I would be able to afford to live here.
I imagine if something like Prop 13 were enacted today it would be found unconstitutional by the Cali supreme court and kicked to the curb like Props 182 and 8.
CA prop 13 is a joke for anyone buying in CA nowadays.
And they knew damn well those in CA who stayed in their homes for the past 30+ years paying little tax, would all come to an end when those people die off.
Eventually everyone in CA will be paying sky high property taxes as those now benefiting from Prop 13, die off.