If the number of renters exceeds owners statewide [0], Prop 13 will become a victim of it's own success. It helped existing homeowners stay in place so well that growth that otherwise would've occurred did not, and the minority of remaining homeowners will lose their property tax benefits.
[0]: There's a slight tilt towards owners (54%). If property prices continue to become less affordable, it seems reasonable there will be less owners in the future. https://datausa.io/profile/geo/california#housing
[0]: There's a slight tilt towards owners (54%). If property prices continue to become less affordable, it seems reasonable there will be less owners in the future. https://datausa.io/profile/geo/california#housing