The real problem is we're not taxing these properties at the true value they could provide to society, so a massive market inefficiency exists.
You hint at the easier solution: repeal prop 14 and increase property taxes. A lot. Problem solved.
(If you want to be a bit more sophisticated, look into land value taxes.)
If the fact that allowing landlords race-based leasing won the vote isn't enough to convince you that direct democracy is a stupid idea I don't know what is.
https://en.m.wikipedia.org/wiki/1964_California_Proposition_...
The real issue is that there is no central authority at the CA State or even Bay Area level planning growth holistically.
A company can hire 5,000 people tomorrow and they'll all just move here and look for a place to live, regardless of whether the city their employer is based in has any housing or not. That drives up rent. It creates the absurd traffic that we now get to enjoy every day of the week. It drives up the costs of goods and services.
Bay Area leadership and California leadership need to sit down and have a discussion with employers and cities about how to effectively and responsibly grow, and then move towards developing new infrastructure to support the plan that comes out of those discussions.
But you do you.
Your landlord may be able to evict one building’s worth of people, but your goal is to evict many more than that.
Your landlord is harmless by comparison.
But ignoring that absurdity - property taxes are usually 2% of the property value. So you'd need to what... Not pay any property tax at all for 100+ years for that scenario to play out?
But let's say we allowed that to happen, and we're somehow sympathetic to that owner. You still don't evict anyone over property taxes. The next buyer will just have to work it out. See Detroit and its $1 homes with $20k in back taxes.
I guess the problem here is I don't see housing as something anyone should expect a guaranteed profit from. I view it just like anything else - there's real risk, and if you're going to privatize the profit, you damn sure better privatize the risk, too.
Just like any other asset you can pay too much, buy something unsuitable, or mis-predict market forces.
Are you against private ownership of property outright?
Do you favor being taxed on the value of other things you own, how about your laptop, stove, etc?
Edit: just to appeal to authority: every single legitimate economist agrees with me on this as well.
Other states may do this, but many other countries do not.
Why shouldn’t you be taxed on the assessed value of your laptop and car each year too? How about your savings account? Shouldn’t that be taxed?