BTW...without Prop 13, it would be an almighty struggle for me to afford where I currently reside because I would have been ensnared in bracket creep over the last 17 years. And, I reside in a typical suburban tract home, nothing special.
I understand the previous sentiment. However, we rely on the 1% more than any other state in the nation. There are approximately 170,000 taxpayers who remit 51%+ of the PIT on an annual basis. As a result of COVID, we lost 24,000 of them. Property tax remains the only "breather" part of our tax structure and we're 10th worst in the nation on that front.
And, oh by the way, the worst aspect of the after effects of Prop 13's passage was AB 8 in 1979, followed by massive RDA abuse. That bill ensured Irvine would forever be defined as a rural area, especially for school funding (e.g.).
I would argue we're unaffordable largely because we limited housing stock going on two to three generations here in California. You can throw in abuse of CEQA as well. The worst part of the state on these two fronts is between the Junipero Serra and Bayshore Freeways.
I hope I can sell and get out before ZPG really takes hold here (ZPG < 2.10 replacement; we're at 1.55...refer to the recent DOF population estimate report from May 2023).
At the end of the day, with a little leadership on the issue in 1977-78, Jerry Brown and Sacramento could have avoided Prop 13 and were told so. This is the problem with direct democracy--only the voters can undo Prop 13 and show little appetite on doing so. I doubt it would be a 30+ point win like it was in 1978, but I fervently believe it would still win by at least ten points because of who votes in California today.