You think that prop 13 was an extreme reaction to government overreach? Wait till this happens here. There is an easy solution. Turn over 10 million acres of state and federal land in CA to development.
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How does 10 million acres of land help the Bay Area or LA? The problem is not a shortage of land; the problem is a shortage of housing near where the jobs are. California has plenty of vacant land.
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That is a great idea
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People are slowly realizing that the biggest housing subsidy of all—far more then the deductions for mortgage interest and prop taxes—is single family zoning. It artificially inflates the land supply for sf homes, reducing costs considerably.
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Sell, sell, sell. Get out now before they totally destroy your property value.
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