Increasing housing supply is like building more roads to reduce traffic: it doesn’t work. Humans reproduce to fill all available habitat. More humans, no tangible benefit, worse Earth.
'increasing housing supply' is code for 'colluding with the state of california to increase their tax monies and property taxes because they havent been able to do their jobs and manage state pension liabilities'.
property tax is different from the rest of the budget. perhaps you should look into how the state of california manages its budget. there are paid professionals and researchers who will do the research the work for you.
I think a lot of changes in the state finances resulted from prop 13. There’s a great podcast interview series with Jerry Brown where he talks about the passage, and the chaos that ensued, worth a listen.
Prop 13 happened in 1978 after thousands of senior Californians became homeless after retirement. It was meant to protect tax paying Californians from being evicted from homes.
The problem is that because of the tax burden shift, the cost of keeping those people in their homes is paid by people who are trying to buy homes. It's a form of redistribution to people who already have assets from people who have income and are trying to build assets. It keeps people in their homes, in some cases it traps people in their homes, but at significant cost to other people.
Sure, and it was terribly designed if the sole purpose was to save seniors on fixed incomes from losing their homes. And anyway, that’s beside the point of it messing up the state’s finances, isn’t it?