The Real Reason We Don’t Build in Palo Alto (or Any High Cost Part of California)
Eric Kingsbury
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The counter is that, in a non-13 environment (especially when targeting all property owners, rather than the current “split roll” proposals that exempt either residential property or owner-occupied property from annual reassessment), you might get even MORE displacement, especially in owner occupied minority communities. Think East Palo Alto or Leimert Park — how many fewer African Americans would there be today? This is what is happening in Austin, TX, where there is no cap on property taxes and gentrification has kicked out many African American property owners.

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