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> If you want to work in Palo Alto, Sausalito, or Mountain View, I think you should live there. You can't talk about this stuff without going all the way back
by curun1r 12y ago
> If you want to work in Palo Alto, Sausalito, or Mountain View, I think you should live there.
You can't talk about this stuff without going all the way back to the beginning with the "worm at core" of this issue. California's prop 13 gives homeowners a significant financial incentive to do everything in their power to discourage new housing development in high demand areas like SF and Silicon Valley (all while gutting California's public school system).
So Mountain View/Palo Alto residents and the elected officials that represent them all vote against any significant increase in housing all while approving a ton of new office space which raises the value of their houses by millions. Thanks to prop 13, their property taxes are capped, so that increase comes with zero down side.
Repeal prop 13 and the current housing crisis will go away.