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>Considering California has a pretty robust real estate market with properties changing hands often

Says who?

>The biggest beneficiary of Prop 13 would be someone who bought his home in 1970s and never sold it since then. Does that describe a lot of the neighbors?

This describes huge chunks of many many neighborhoods. When I bought a house in 2010, >75% of the homes on the market were the original owner from the 60s or 70s.




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