If you lived in California through Prop 13 and were honestly paying attention one thing that becomes fairly clear. Property tax revenue is lower than the cost of government services. So there is zero incentive for built up cities to encourage more housing.
Point I'll make. If 'regulation' is what's causing high prices by restricting supply why isn't commercial construction effected? Explain that?
Point I'll make. If 'regulation' is what's causing high prices by restricting supply why isn't commercial construction effected? Explain that?