I am all for a race to the top on candidates promising giant numbers of housing units that the federal government can financially stimulate or subsidize to exist — especially affordable ones — since it’s actually quite hard for city govts to do it on their own feet.https://twitter.com/dianeyentel/status/1156198286728060928 …
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California could certainly do something given its size and scale but first it has to do something about Schloposition Firteen. Land owners don’t have a strong impulse to sell given their asset value doubles every cycle and they can keep a low property tax basis in perpetuity.
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Prop 13 is honestly just one reason. We also make it very hard to raise taxes or pass bond measures. And the feds can do deficit spending, which California basically can't (and probably shouldn't generally)
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