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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (114127)5/23/2012 5:37:03 PM
From: Bread Upon The Water  Read Replies (2) | Respond to of 149317
 
I'm sorry I can't agree with that for the decades of the 70's. The trend of rising real estate values was in place around the Calif Coastal cities as all the buildable land had been used well before he adoption of Prop 13. And this led to the tripling of land values (the land scarcity) which led to the passage of prop 13. How did Prop 13 contribute to that trend in the subsequent decades?

In the SF Bay area it was land scarcity that was driving the trend and forcing people into hour plus more commutes to find affordable housing.