California's tax system through 1978's Prop. 13 incentivizes landbanking, or keeping land non- or under-utilized.https://twitter.com/sama/status/790954275689988096 …
no it's that units of housing require services like police, fire, schools at a level that office/retail doesn't.
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OK. They can make more with other types of development. Doesn't seem like a Prop 13 issue, though.
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and then for the land owner, if you re-develop your parcel, your assessment goes up.
End of conversation
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