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Re:San Francisco's zoning makes it illegal to build apartmen... by kerbalspacepro on Thursday July 19, 2018 @04:14PM (#17569838)
It is a problem because it creates NIMBY behavior. It is not feasible to fix it because it would require rewriting the US tax code.
Re:San Francisco's zoning makes it illegal to build apartmen... by rcpt on Thursday July 19, 2018 @07:48PM (#17571356)
The linked paper discusses the idea of an insurance market for property values.

Somehow, prior to 1970, housing was a home and not an investment. I'm not entirely sure what happened to change it.