we've been averaging building 1,900 units a year for the last 20 years while 10K ppl have been moving
last generation bc there's no real financial incentive to sell CA real estate unless you have to.
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you get basically flat taxes forever under Prop 13, ever rising rents w pop growth, no addl supply
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the tax thing is fucked but AirBNB+ shady co duct has removed more than has been built - easy fix
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