What Prop 13 does is stop retired families from being forced to move out. The retired families in my neighborhood would have to pay $4000+/month in property tax. What will it be in 2030 or 2040? The only thing keeping things sane are things like Prop 13.
And don't forget, Pelosi, in all her glory, was trying to add back in the SALT tax exceptions to the Biden bills earlier this year. Why would she do that except to reward all her rich donors in CA?
Nothing would change except homeowners would get crushed by property taxes and especially given the horrific income inequality in California, all the middle and lower income families would get destroyed.
Thank God for Prop 13, it's the last vestige of income equality for Californians.