California did that 40 years ago and just look at how affordable California housing is now. Also public schools' ratings have tanked due to shrinking property t

California did that 40 years ago and just look at how affordable California housing is now. Also public schools' ratings have tanked due to shrinking property tax revenue. Prop 13 empowers NIMBYs to vote to kill new construction, strangling supply and pushing prices up, without facing any of the consequences of those rising prices.