Well, I think you have 2 factors colliding together. 1) As people moved here and got good jobs, made a life for themselves, they (you and I) inevitably become more sympathetic to and desiring of middle class values. Stability, some measure of comfort, concern about taxation, their local neighborhood. It's understandable, it's natural. Yet this is in conflict (especially when growth needs to happen) with: 2) The peopl…
I think your analysis is spot-on. Those existing NIMBY's bought their house with an expectation, and they vote accordingly. I don't think there's really a way forward without torching rule of law. They don't want the place to be amenable to new/young people, and they make the rules. It's unfortunate that big tech decided to make this place their home, perhaps with covid and remote work it will go back to a dreamy boo…
Currently, not only does the existing homeowner have to pay less taxes (if prices increase over 2% YoY), but later when they sell their house they can cash in the entire difference. That doesn't seem fair if the entire point of Prop 13 was to protect retirees from being kicked out of their house. So instead, make it so that when the house is sold they have to pay in backtaxes all the difference between the FMV based tax and what they actually payed from any profit they are making on the house. Also stop all means of being able to pass the house between generations without re-assessment (that is currently possible in many states in CA).