@BenRossTransit @n8chz i don't think there's much question that Prop 13 has contributed to CA localities string preference for commercial and dispreference for housing. that's not NIMBYism, just sane financial management. sure, new development of any kind pays more, but housing decays much, much more rapidly than commercial in CA. i don't think second order effects in home prices can come anywhere near offsetting this.