3 ms·

The issue has been studied extensively. There is plenty of stuff available out there if you go look.

• xyzzyz 7y ago
  Yes, and I haven’t seen anything suggesting that it’s Prop 13 that’s responsible for majority of the premium in California’s housing costs compared to other states. It’s not nothing, but it pales in comparison to zoning regulations and requirements for environmental traffic etc impact studies that drag on and on.
  • asdff 7y ago
    some numbers: https://www.aeaweb.org/articles?id=10.1257/mac.20160327 https://www.aeaweb.org/articles?id=10.1257/mac.20160327
    • xyzzyz 7y ago
      Indeed. 15% is not nothing, but if house prices in California went down by as much, they wouldnt suddenly become affordable.