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Re:Y Combinator CEO Garry Tan launches dark-money group to i... by asdff on Wednesday February 11, 2026 @05:09PM (#46981898)
Prop 13 wouldn't lead to those incentives if property prices didn't increase so aggressively. Once again comes back to zoning as the root cause. Is prop 13 bad? Only in the face of inappropriate zoned capacity, it seems. Which begs the question of what prop 13 removal would even do in such a situation? Zoning capacity isn't changing so prices will still go up beyond what is affordable for the median worker. The only thing changing is people won't be insulated from that rise at the end of their life when they are on a fixed income is all. Does that solve the housing crisis? No, but it does ensure more people are regularly displaced from their homes.
Re:Y Combinator CEO Garry Tan launches dark-money group to i... by zozbot234 on Wednesday February 11, 2026 @05:21PM (#46982050)
Property prices are increasing so aggressively because assessed property taxes are low and people are significantly deterred from selling.
Re:Y Combinator CEO Garry Tan launches dark-money group to i... by asdff on Thursday February 12, 2026 @04:48PM (#46995736)
No they are increasing because of job growth and restrictive zoning.