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The main problem is Prop13, in other states property taxes increase and drive people out as land increases in value. In California land owners are locked in for
by guelo 11y ago
The main problem is Prop13, in other states property taxes increase and drive people out as land increases in value. In California land owners are locked in forever. OTOH, somehow California ended up with the fastest growing economy in the country. Causation? Correlation? Who knows.
- vonmoltke 11y ago> OTOH, somehow California ended up with the fastest growing economy in the country. Huh? California is decidedly middle-of-the-pack: https://en.wikipedia.org/wiki/List_of_U.S._states_by_economic_growth_rate https://en.wikipedia.org/wiki/List_of_U.S._states_by_economi...
- guelo 11y agoSorry, that was worded wrong. I meant that California ended up with San Francisco's economy.