What about how Prop. 13 was a windfall for incumbent property owners and enriched the old by sacrificing the future? https://twitter.com/48hills/status/732072289286545408 …
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thats because we dont really do it we allow exemption and spot zoning and we dont see zoning as a landvalue tool
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if u cant build anything but social housing on any land that land is worth far less.
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Raises value of structures, not land.
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I don't think that is often true. It might even never be true.
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How can that be? It seems a natural consequence of supply and demand.
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