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-...
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.