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Isn't this effectively what Prop 13 did in 1978? If anything it has greatly reduced the incentive to upzone, because homeowners in highly desirable areas don't
by codekansas 5y ago
Isn't this effectively what Prop 13 did in 1978? If anything it has greatly reduced the incentive to upzone, because homeowners in highly desirable areas don't pay taxes commensurate to the increasing desirability of the area they live in, while having the additional negative effect of burdening renters and newcomers with higher property taxes
- londons_explore 5y agoBut you have to combine it with "and we're going to remove all zoning restrictions and allow people to build any types of housing, however tall or dense the market will support, anywhere". They only did one half...