Yeah, I think it’s very hard, but doable. It would take some clever writing of mark-to-market rules. Short of getting all the way there, I’d support getting of the preferential rate on capital gains and the mortgage interest deduction and instituting a refundable housing credit that would be better for most homeowners than the MID, offset some of the property tax’s regressivity, and help renters in the process. As I worked on my eventual dissertation, I definitely changed my mind on property taxes. With Prop 13, there was a misapprehension on the left and the right that the people who voted for it were all anti-tax conservatives. But discontent with property taxes had been brewing for decades, all across the country and across partisan lines. As the U.S. grew modernized in the ‘40s and ‘50s, the unsustainability of funding a bunch of essential stuff at the state and local levels became more apparent, but neither party did anything about it. Eventually, people got pissed off enough to vote for a measure that most knew wasn’t great, but at least did something.