Family is in real estate— we would never purchase a property in San Francisco this late in the game (and I love that city!). The writing’s on the wall: that same law homeowners voted for to artificially lower their tax burden will also be the law that sends California into a bona fide housing crisis that makes the 2008 subprime mortgage crisis look like peanuts in comparison. It’s artificial, unsustainable, and shows a complete disregard for how markets work.

The current, very real housing shortages and homeless epidemic is just the tip of the iceberg.