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A comment on Why the San Francisco Bay Area should have 11 million residents today. Parent comment

Re:Why the San Francisco Bay Area should have 11 million res... by thrownaway2424 on Monday May 14, 2012 @11:49PM (#3974789)
What's your thought on Prop 13? It's hard to imagine why owners should be insulated from tax increases while tenants should not be insulated from rent increases.
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Re:Why the San Francisco Bay Area should have 11 million res... by DanBlake on Tuesday May 15, 2012 @01:03AM (#3974991)
The 1% is tied to the market value of the home, at the time of taxation. Its saying, they will never tax you more than 1% of the market value of your home.

Rent control is tied to the time of original purchase. If you want to say that your rent can never be more than 1% of market rent, sure- sounds good.

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