CricketOnTheHearth, Prop 13 started in 1978. I’m not sure if that’s a coincidence or not, but I think that could be one factor. Just look at other states that don’t have prop 13, like Texas. What is so different in Texas vs CA that cause CA property to run up faster here than TX? Why can builder build a $100-200k house over there and still be profitable while they can’t do that here? Price is determine by supply and demand. Increase supply above the demand and price will fall. Why control demand while you can easily increase supply? I think it’s retard that you limit how many house a person can buy. Limiting the amount of property a person can own is almost like limiting how many car a person can buy, or how many trip a person can take, or how many pollutant a person can create. In CAR’s mind, clean air is a limited resource just like land.
