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Steve Randy Waldman /
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2025-01-12 18:34:53

Steve Randy Waldman on Nostr: Prop 13 is rent control for homeowners. And it's supply effect occurs where ...

Prop 13 is rent control for homeowners. And it's supply effect occurs where constraints actually bind, at the decision-making of local government, where in supply-constrained CA jurisdictions rents have usually been more than high enough for new construction to pencil absent non-price constraints.
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