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I’ve wondered why California doesn’t leverage Prop 13 to encourage more housing units. Say for any property which isn’t owner occupied, the number of rentable u
by jmpman 6y ago
I’ve wondered why California doesn’t leverage Prop 13 to encourage more housing units. Say for any property which isn’t owner occupied, the number of rentable units must increase by N per year in order to maintain Prop 13 tax lock. Seems like very quickly we would have landlords fighting cities to expand their rentable units, expending much more money than they otherwise would in order to expand the rental stock.