6 ms·
The largest distortion to the housing market in California is Prop 13, and its effect is statewide not just confined to SF. This is a large reason why escaping
by muzz 10y ago
The largest distortion to the housing market in California is Prop 13, and its effect is statewide not just confined to SF. This is a large reason why escaping SF's rules by going to bordering/nearby cities doesn't result in significantly lower housing costs.
More new supply is great, but doubt it would be enough to significantly offset the much larger effect of Prop 13.