For me the individual housing protection is worse than business. Primarily because the individual housing protection is what causes the incentive problem where

For me the individual housing protection is worse than business. Primarily because the individual housing protection is what causes the incentive problem where people prevent housing from being built. Companies would benefit from more plentiful inexpensive housing. My dream bill would be a prop that requires local communities to build X amount of housing (where X is some large number possibly determined in part by the spread between property tax payment and property FMV) every year. Failure to meet X means that all property owners see a 10% increase in their property tax. This happens every year with an upper bound on the property tax being the current tax for the FMV of their property. This is basically impossible to actually pass, but it's what I would do if I was king of Palo Alto, either build the housing or pay the actual cost of your policy. Maybe one day SB50 will pass - at least that'd be something.