Uh, more like longtime property owning San Franciscans used a regressive tax subsidy to shift housing burden to young people & the poor.https://twitter.com/CurbedSF/status/804158085338001408 …
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also there are people buying second houses to rent out until their kids can take them over. Only a select % can do this.
It's more the egregious 5% selling commission that makes us not want to sell. http://www.financialsamurai.com/what-does-it-cost-to-sell-a-house-a-look-at-the-commissions-taxes-and-fees/ …pic.twitter.com/ERQVbEHXiW
flawed narrative: outside of the bay area & coastal SoCal, housing not that expensive; Prop 13 has zero effect on construction
w/o Prop13, owners may still not support more housing to reduce their property values & taxes. May try reducing demand instead
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