Comment

Comment by generalpass

> Well the only solution is a ballot initiative to repeal prop 13. That will change things.

This seems to always be stated as if stating it makes it true. Prop 13 has little to do with high housing prices and a lot to do with getting more revenue for governments.

Prices are influenced by supply and demand. The artificial limiting of supply by all of the governments in California is the biggest factor in why the prices are outrageously high.

parent generalpass 6 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton