3 ms·
Homeowners create laws that benefit them at the expense of non homeowners. The two biggest are refusing to expand supply and Prop 13 (they enhance each other’s
by fipple 8y ago
Homeowners create laws that benefit them at the expense of non homeowners. The two biggest are refusing to expand supply and Prop 13 (they enhance each other’s effects which is why the California situation is the worst).
- village-idiot 8y agoI’m familiar with both of those, prop 13 in particular has made a landed gentry in my area with million dollar run down bungalows. What I’m more interested in is this elasticity thing. Are you saying that the effective 0 supply has unmoored the price and it can wander, or is it that 0 supply sends the price up into the stratosphere?