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Why homes in the Bay Area are unaffordable
- iron0013 7y agoGee, why am I not surprised to not see a single mention of Prop 13, the obvious driver of CA’s housing crisis, including the market imbalances that have lead to high home prices across the state
- averros 7y agoProbably because the amount of taxes people pay has zero impact on the ever-proliferating regulations which strangle the supply of housing. Prop 13 protects people who lived in the state for decades from being evicted from their own homes. Stop being an ....
- geebee 7y agoI'm no fan of prop 13, and I agree that it contributes to the housing crisis. However, I wouldn't call it the main driver. I still think that a failure to build (actually, this is probably better described as a deliberate success in preventing housing from being built) has been the main driver of the housing crisis.