[lbo-talk] Prop 13

[Alex Lantsberg]

i just recently ran across a study linking the run up in CA's housing costs 
to prop 13 . first, cities have every incentive to limit residential 
construction and substitute commerical, primarily retail, development 
because it requires less public services and sales taxes are just more 
lucrative - what we planners call the "fiscalization of land use." 
additionally, infrastructure is now financed significantly through 
development impact fees rather that general tax levies.

al
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