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Re:The Decline of Investment in San Francisco Startups by Decade on Friday July 21, 2017 @05:06AM (#14819075)
5 years. How cute. Prop 13, a law with horrific long-term consequences, was passed by the voters in response to the housing crisis. 40 years ago.

http://www.latimes.com/projects/la-pol-ca-housing-supply/

San Francisco rents have sometimes gone down slightly, but they never returned to sane levels, and affordable housing for the poor hasn’t been abundant in many, many years.

Re:The Decline of Investment in San Francisco Startups by hectorr on Friday July 21, 2017 @12:05PM (#14821584)
Yeah. Prop 13 massively depresses housing turnover and reduces property tax revenue, which means they need to collect more from income tax. Malcom Gladwell's excellent podcast on golf courses has a great discussion of this.

http://revisionisthistory.com/episodes/11-a-good-walk-spoile...

Re:The Decline of Investment in San Francisco Startups by timr on Friday July 21, 2017 @12:25PM (#14821754)
That article has nothing to do with Prop 13 (the only mention of prop 13 is in the comments). And while I think Prop 13 is an abomination for a variety of reasons, there's basically no evidence that it reduces new construction.
Re:The Decline of Investment in San Francisco Startups by Decade on Saturday July 22, 2017 @11:54AM (#14827775)
Yeah, I was in a hurry. My point was that voters were already voting to save themselves from the housing crisis 40 years ago; while making the crisis even worse. The article was about how the housing crisis goes back even further.

Ultimately, the original sin was racism.

http://www.oaklandmagazine.com/May-2017/The-Real-Cause-of-Ge...

https://www.theatlantic.com/business/archive/2015/11/zoning-...