3 ms·
The absurd cost of living is due to an illiquid housing market because of prop 13. Adding more housing just kicks the can down the road a decade or two.
by kec 9y ago
The absurd cost of living is due to an illiquid housing market because of prop 13. Adding more housing just kicks the can down the road a decade or two.
- elgenie 9y agoProp 13 and the resulting lack of liquidity in the housing market applies everywhere in California. There are multiple causes in play in the Bay Area specifically, of which Prop 13 is merely one.