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If Prop 13 was the problem, it would have affected all of California vs. only SF. Why is LA, San Diego and Sacramento relatively so affordable vs. SF? The issu
by product50 9y ago
If Prop 13 was the problem, it would have affected all of California vs. only SF. Why is LA, San Diego and Sacramento relatively so affordable vs. SF?
The issue with SF is amazingly complicated zoning laws which prevents building up and the NIMBYism which continue to support it.
- myblake 9y agoLA also has a pretty massive affordability crisis. Rent and housing costs aren’t as bad as SF in absolute terms, but incomes are lower. https://www.nahb.org/en/news-and-publications/press-releases/2017/11/los-angeles-takes-top-spot-as-nations-least-affordable-housing-market.aspx https://www.nahb.org/en/news-and-publications/press-releases...
- laurencerowe 9y agoLA is even less affordable than SF. Rents are lower but the median income is much lower. https://www.housingwire.com/articles/41786-los-angeles-surpasses-san-francisco-as-least-affordable-housing-market https://www.housingwire.com/articles/41786-los-angeles-surpa...