Thanks kinda the point. System is rigged in favor of the land owners, at the expense of renters and future owners. Perfect example of legislating supply const

Thanks kinda the point. System is rigged in favor of the land owners, at the expense of renters and future owners. Perfect example of legislating supply constraints is Prop 13, which fixes the tax basis to the purchase price making people stay in their homes to avoid a huge increase in property taxes were they to move. This drives up asset values and land owners love it! Boomers retirement is based on this! And it’s even better for commercial property owners who can charge 2021 sky high rents while paying taxes as if it were still 1978.