While the population increases by 10K ppl per year) goes up by ~$130B
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I probably could have said more than just developers in my original reply because yes there are many parties involved that are to blame for
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the situation we are currently in. Prop. 13 was the catalyst event, followed by the decimation of HUD in the 1980s, then everything else you
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Bought while paying tax rates from a generation ago. And by the way, changing that system would also affect developer profits too but
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Developer profits alone aren't even 1/100th large enough to address the scale of the affordability problem
End of conversation
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