1: ban new housing from being built 2: a supply shortage develops 3: prices rise, and we don't build more housing I think the tax policy is prop 13, which is

1: ban new housing from being built 2: a supply shortage develops 3: prices rise, and we don't build more housing I think the tax policy is prop 13, which is a handout to rich homewoners that means they will never sell their houses (very nice for them, not so for anyone trying to get new housing)