2 ms·
That's not rent control, it's Proposition 13. It incentivizes city councils to build offices (which they can tax) while rejecting housing (which they basically
by eli_gottlieb 9y ago
That's not rent control, it's Proposition 13. It incentivizes city councils to build offices (which they can tax) while rejecting housing (which they basically can't, over the long term).
- HillaryBriss 9y agobut at some point housing scarcity causes additional housing unit prices to skyrocket. so the property tax basis for those new high priced units must look pretty good to city councils. i mean, don't city councils also find it highly revenue-enhancing to encourage the replacement of older housing stock and long time owners with new, high priced, units?