3 ms·
A statewide referendum (Prop 13) underlies the housing problems and is a huge enabler of Bay Area NIMBYism. Multi-decade homeowners can bask in a $5M house valu
by elgenie 7y ago
A statewide referendum (Prop 13) underlies the housing problems and is a huge enabler of Bay Area NIMBYism. Multi-decade homeowners can bask in a $5M house values and agitate for inefficient land use while paying taxes off a $30K purchase price.