I'd also like to suggest that a lot of the price increases in the SF bay area are related to difficulty developing new units. The intention of the land tax is t

I'd also like to suggest that a lot of the price increases in the SF bay area are related to difficulty developing new units. The intention of the land tax is to increase the usage (density) of valuable areas; however, that requires being able to develop! Development is very hard and risky in many parts of the SF bay area.