Or maybe it causes bubbles, because you can park capital into scarce California real estate while basically having flat taxes forever? https://twitter.com/HJTA/status/793133595648856064 …
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You can blame prop 13 you will continue to not solve the problem. Sell of a few million acres of state/federal land.
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This is all fairly irrelevant land, far away from the valuable land near city centers.
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