CA state govt allocated no new affordable housing funds from 2011-2017. So when the lack of state money was combined with inadequate federal funding and rising rents, homelessness predictably increased, @jenloving23
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Yep. And other stuff still got built.
#priorities
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Anytime supply is restricted, prices rise. .CA has the most significant artificial housing supply restrictions in the US.
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@beyondchron@jenloving23 for projects 2001-2011, average land cost was 8% of project, per Treasurer's 2014 California Affordable Housing Cost Study.#Prop13 effect on this likely a quite small factor, study examines many larger ones eg construction costs, large-proj efficiencypic.twitter.com/wCdPKMf7Kf
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Are you a Georgist? Would you support a land value tax in California to make housing more affordable?
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An article of Kim-Mai's, if you haven't seen it: https://techcrunch.com/2016/01/29/nothing-like-this-has-ever-happened-before/ …
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Serious cognitive dissonance between the social values the Bay Area espouses and the reality of local action. What is stopping us from fixing our housing equality situation? Do we need the Feds for anything in this regard?
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The property tax laws need to be changed. However, the state’s population has grown roughly 80% since Prop. 13 was enacted. Property tax changes alone won’t allow for enough construction for those ~18 million people.
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“She also questioned why a wealthy state like