I try to avoid politics here but the housing-related measures get some attention.

Hat tip to Peter for providing this valuable data on Prop 5:

Though California is known as a liberal blue state, we don’t like it when Prop 13 is threatened. The last attempt was in 2020 when Prop 15 tried to change the taxation for commercial and indutrial properties, but was voted down by 52% of the people. The landmark SB 9 which allows units to be added to single-family properties was approved by the state government and not put to a vote by the people.

Interesting how the California Association of Realtors first provided $19 million to fight Prop 5:

Then the C.A.R. conceded when the bill’s author agreed to exempt 1-4 units.

The Santa Barbara Association of Realtors president Michelle Allyn writes a good synopsis on Prop 5:

https://www.independent.com/2024/10/07/vote-no-on-prop-5-stop-the-tax-hikes-on-homeowners/

The bottom line is that Prop 13 established the 2/3s majority vote to increase property taxes, and this measure would reduce that to just a 55% majority for affordable-housing bonds. I don’t trust what politicians could do with that, and I don’t like the flip-flop by the C.A.R. so I’m voting NO on Prop 5.