6 ms·
Exactly—and that’s the normal, healthy function of a housing market. Prop 13 distorts that by making it financially irrational to ever move, which contributes
by mslate 6mo ago
Exactly—and that’s the normal, healthy function of a housing market.
Prop 13 distorts that by making it financially irrational to ever move, which contributes directly to the lock-in and underutilization the article describes