The U-T asked their twelve real estate experts about the effects of Prop 19:
Q: Will Prop. 19 substantially increase home inventory in California?
Of the local experts, 11 out of 12 said NO, and the justification for the one YES answer could have been just as easily been reasons to say NO. Gary’s answer above was the best and most-accurate. See the rest here:Link to Article
TOM gonna disagree. Most homebuyers may not be uniquely motivated by tax breaks but many potential homesellers are held back by the loss of them. Will be a plus for prime coastal real estate. Everyone wants to live here;)