Comment by triceratops

> Zoning costs money everywhere. That's work that needs to be done by a person.

I'm not talking about the salary for a city planner who draws lines on a map. I'm talking about banning building denser housing via zoning.

> The Bay Area is proof that limited supply... will cause property values to raise steadily over time

The Bay Area has limited housing supply for a long time through single-family zoning, minimum lot sizes and other regulatory means.

> Prop 13 actually limits property taxes and the assessments that can happen.

Unaffordable property tax increases are a signal that the land is under-utilized. High property taxes due to land scarcity incentivize building more housing on the same land. Prop 13 takes away that signal. Or at least, it insulates existing and long-term homeowners from the effects of insufficient housing supply in their area. Their taxes don't go up so they have no reason to sell their house to someone who will build condos and apartments on that land.

> You're actually hurting your argument with this point.

I don't think you've taken the time to understand my points.

> Again: It's supply and demand. Regulations have very little to do with price increases.

Again: regulations can and do limit supply.