[ChiCommTroll]

Of course Prop 13 is distorting prices. It affects all kinds of things. It limits the revenue stream of local governments, causing them to do things like encourage big box store development to get more sales tax. Prop 13 has tons of unintended consequences. Or maybe its framers knew exactly what they were doing.

I ALSO think rent control and airbnb distorts prices too. The Airbnb threat maybe overblown, who knows, but airbnb has maintained in the past they have no way of telling cities how many customers they. Databases are hard I guess.