Convoluted, but comprehensible. CA let landowners legislatively lock real estate(RE) revenue down with Prop13, even as the economy grew behind tech, AND steeper

Convoluted, but comprehensible. CA let landowners legislatively lock real estate(RE) revenue down with Prop13, even as the economy grew behind tech, AND steeper-than-avg regulation slowed construction. Choked supply and growing demand exploded prices. RE became a no-brainer for speculators. LOTS of CA land is held OUT of development ... likely because development is riskier than cashing in on the RE bidding wars. NO family sells CA land because _renting_ it is so profitable with demand insanely outstripping supply. Scott Weiner has repeatedly tried to get the legislature to a) relieve the economic stress on families, b) help the environment, by building greener, ESPECIALLY near public transit, to pay back the public investment in transit, and c) to densify, for the myriad of benefits. But the same right-wing segment who gave us Warren, and Reagan has protected the RE windfall to landowners even as exploding RE prices and the salary inflation that demands has pushed many hi-tech firms out of the state. LOCAL construction costs, and the cost of everything else not easily transported, get pushed up by the RE cost hitting _everyone_ but the land OWNERS. Complaints of complex, costly regulations are real; but the factors noted seem bigger. AND ... factory-built processes reduce the per/unit cost of regulation by letting regulators approve factory PROCESSES instead of individual homes.