California's housing crisis is a result of small-c conservatives wanting their property values to rise forever. Prop 13 and it's consequences have been a disaster for the state.
> I have wondered about how to repeal Prop 13, but I can't come up with a repeal that doesn't do equal and opposite damage.
I haven't thought enough of the consequences, but what I have been pondering is complete removal of property tax on your personal residence. You have to spend 50% + 1 day to count it as your residence.
Any commercial property or nonresidence would continue to have property tax.
There would be some cheats, like people claiming to have spent 50% + 1 day despite not having done that, or somebody living in an apartment complex they own to avoid tax, but overall I think it would solve a lot of problems.
Over the course of a decade go from a max of 2%/year to something like 10%/year. Maybe some extra tax breaks for those who lost equity when selling a long-term residence (doubt, probably just slow their growth)
The opposite damage I'm talking about is forcing people to lose their houses for inability to pay current-FMV property taxes. Mostly older/retired/fixed income people. This would apply to any phase-in schedule too.