Re:The Housing Market in San Francisco and Ideas to Fix It
by ChiCommTroll on Thursday April 07, 2016 @08:07PM
(#11451692)
Of course Prop 13 is distorting prices. It affects all kinds of things. It limits the revenue stream of local governments, causing them to do things like encourage big box store development to get more sales tax. Prop 13 has tons of unintended consequences. Or maybe its framers knew exactly what they were doing.
I ALSO think rent control and airbnb distorts prices too. The Airbnb threat maybe overblown, who knows, but airbnb has maintained in the past they have no way of telling cities how many customers they. Databases are hard I guess.
Re:The Housing Market in San Francisco and Ideas to Fix It
by thescriptkiddie on Thursday April 07, 2016 @07:51PM
(#11451618)
> housing prices are relatively sane in places like san diego
Consider that the median house price in San Diego is higher than New York or Los Angeles: http://www.advisorperspectives.com/dshort/commentaries/Media...
Oh, all those places have to deal with Prop 13 as well.
San Francisco(and the bay area overall) has consistently chosen to restrict their supply for housing for years. Obviously this would culminate into higher prices in the future, but to many people live in denial. They would rather pretend that AirBnB is the real problem, or that Prop 13 is distorting the market(but of course, rent control is not rolleyes)