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A comment on Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring. Parent comment

Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by CalChris on Monday October 23, 2017 @01:37PM (#15535089)
That’s because Prop 13 applies to commercial real estate as well because corporations are people too.
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Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by taysic on Monday October 23, 2017 @03:50PM (#15536378)
Wow. That makes sense. That explains why so many seemingly infrequently visited businesses still have storefronts in Berkeley. I always wonder how they stay in business. I thought perhaps commercial rent control.
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Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by CalChris on Monday October 23, 2017 @04:03PM (#15536490)
Moes owns its building. Black Oak Books didn’t.

If Prop 13 wreaks havoc on housing, it’s much worse on commercial RE where it literally it spawns a class of rent seekers.

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