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Prop. 13 discourages cities from permitting residential construction, because commercial construction will bring them more tax revenue. While it's certainly no
by ScottBurson 8y ago
Prop. 13 discourages cities from permitting residential construction, because commercial construction will bring them more tax revenue. While it's certainly not the only factor that has led to the Bay Area housing shortage, it's arguably a significant one.
This article is 4 years old and mostly focused on San Francisco, but it still has a lot of good background: https://techcrunch.com/2014/04/14/sf-housing/ https://techcrunch.com/2014/04/14/sf-housing/
- jcoffland 8y agoCommercial construction can be held by a holding company indefinitely and avoid reassessment. It does not follow that cities should prefer commercial construction because of prop 13.
- Gibbon1 8y ago> It does not follow that cities should prefer commercial construction because of prop 13. Two words: Sales taxes.