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by Litmus2336
2474 days ago
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>And yet, proposition 13 is rarely cited as a significant contributor to California's housing issues, especially by the "this is simple supply and demand" crowd. Personally, while I suspect proposition 13 has contributed, there are lots of other factors, including foreign investment [4]. Really? Because I am vehemently anti prop 13, and I don't think you have to go far to find people that hate it too. So I'm not sure you can use that criticism against me. That's essentially a straw man. > Less houses will be built, as less profit is being made. This is more or less a factual statement, that if less profit is to be made by renting houses at least some portion of people will choose to invest in other things. Whether that portion is even noticeable, I don't know >There were two other comments in this same subthread pointing out that people are in fact moving out of California. (One of them has been deleted.) >It's almost as if f(california_net_migration) is multivariate. If you want to have a serious conversation, being snarky isn't going to help. Regardless of net migration statistic, California is still growing in population. SF is still growing, and the state overall sees positive growth. |
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