It's a bug in the source code. The issue isn't with people themselves, who act predictably, the issue is with the incentives we gave them.
The problem with the Bay Area isn't that we don't build enough. The problem is putting the decision in the hands of those who own property.
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Prop 13 is a key component there. Reduces liquidity of homes for sale.
End of conversation
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no. And the earthquake risk is low compared to some densely populated areas (like most of Japan).
End of conversation
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