Reply #21: it's very short sighted

[sui generis]

and immensely regressive. Mostly only poorer people in older neighborhoods will be affected.

Most of the time you only get land + improvement value, and for an old house that's not even a quarter of what you need to buy a house of equal size on a lot of equal size. If you're retired and you don't have income, you won't qualify for a mortgage to purchase another home, so you're basically on the street.

I am completely baffled by the decision.

The only thing concerned citizens can do is change their city charters through democratic action, and screw the supreme court.