Historical mystery of CA land use: Why rent control, Prop 13, downzoning, condo conversion limits started ~1978-ish.https://twitter.com/enf/status/775227540046622720 …
one obvious reason. Some downzoning predated 1978 in the Bay Area.
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Inflation didn't get bad until 1979-80 http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ …
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Inflation got worse later, but 73 to 78, inflation rose 46.8%; buy $50k house in 73 would cost $73k in 78
End of conversation
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