I don't live in California. I live in a place with functional zoning laws and no parking minimums. These greatly restrict density in places like LA. This WSJ p

I don't live in California. I live in a place with functional zoning laws and no parking minimums. These greatly restrict density in places like LA. This WSJ piece is instructive. Tokyo has seen flat housing prices despite population growth. The secret? Tokyo had a lot more housing starts than NYC or SF. Yes, california attracts new people. A sensible housing market would build more houses to build them. It is not clear how higher taxes would help, unless you think higher japanese tax rates cause their private sector to build more. https://mobile.twitter.com/wsj/status/1113274956765331456?lang=en https://mobile.twitter.com/wsj/status/1113274956765331456?la...