Earlier quoted context omitted.
i.e. the original sin that gave us this problem in the first place. It makes absolutely no sense to have the older, wealthier, luckier, "I got here early, therefore I'm set for life" generation pay $300/year, while the couple in their thirties who moved in two years ago, have a new baby, and can barely afford the mortgage and daycare despite both parents working in tech have to pay nearly $15,000/year. I know the ori…
That was only one of the original arguments for Proposition 13. The main reason it passed was that local governments had been jacking up property taxes and spending it on things that most homeowners didn't particularly want, such as higher wages for unionized government employees. Eventually people got fed up with the waste. Prop 13 was a blunt instrument but at least it finally forced local governments to exercise s…
Renters voted for it because they were told that their rents wouldn't go up if property taxes were capped, but of course that's not how market rate rents work. So pissed off renters voted in rent control on SF, Oakland, and elsewhere.