Real Estate Round-up: P is for Prop 19

Prop 19 went into effect on April 1, 2021. This proposition just narrowly passed with a 51% to 49% margin. It’s hard for me to understand why anyone would oppose a proposition that will benefit so many homeowners in California. But

thankfully, it doesn’t matter that it passed by the slimmest of margins. It became law and homeowners over 55, those who lost their homes due to a natural disaster, and homeowners with disabilities across the state are taking advantage of it.

There were two substantial differences between this proposition and the previous Prop 60/90. The first is that the tax transf...