Yes these are all workarounds. Impact fees, inclusionary %, re-development until it was ended, tax increment financing, etc etc.
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So who/how explains to Low-Info/No-Info/Wrong-Info/FoxNews-Info voters that Prop 13 is screwing them royally? have been wondering for 30 yrs
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It's one long con.
End of conversation
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"no particular special effort of their own"...other than buying and paying for their land. Just like any other asset.
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P 13 makes land banking a bit more lucrative, but tax savings pale compared to land value doubling in 10 years.
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