Proposition 13 makes that option untenable for many homeowners. They cannot sell and buy a house elsewhere in the state without significantly increasing their property tax burden.
"stuck" ? under Prop19, property tax on a paid-off 3-bedroom home in a wealthy area is less than rent in the ghetto. It has been that way for twenty years.
Supposedly, Boomers in a paid off house in a wealthy area were dissuaded from moving, because their property taxes would skyrocket. Unless they moved to a county that accepted the Prop 13 swap for over-55's, which not all counties did.
