Prop 19 was sold by the California Association of Realtors as a solution to the low-inventory environment. The intent was to free up seniors over 55 to move anywhere within the state of California, and take their old property-tax basis with them.
The C.A.R. said it was all we needed to create more inventory!
While we don’t have any direct results yet, but with inventory about 10% behind last year’s covid-impacted count, and 21% behind the 2019 count of total listings between Jan 1 and July 30th, it’s safe to say that Prop 19 hasn’t had achieved its goal yet.
Or maybe I just need to do more!
Do seniors just need more information on transferring their current property-tax basis?
If so, here’s your taxpayer advocate:
As Rob Dawg duly noted, seniors may need to stay in California so they can take their low property-tax basis with them to make it worth moving.
Where can you move within California? Here are some ideas:
Julian is close by, and you can get this 2,808sf one-story for $825,000:
How about Idyllwild? It’s only a two-hour drive and you can buy a 2,713sf single-story for $579,000:
How about Placerville? The elevation is only 1,867 ft. and population is around 12,000.
You can buy this 2,094sf single level for $650,000:
Ok, ok, you want to stay coastal. How about Cambria? Pick up this 1,875sf one-story for $875,000:
We hope to build a referral network with agents in every town, and in the meantime, Donna is excellent at vetting realtors for you. Let us know where you want to move, and we’ll set you up with a top agent!