this post was submitted on 06 Aug 2023
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Prop 13 (1978) is part of the cruel legacy of Ronald Reagan, who had stopped being Governor in order to gird his loins for becoming President, but was still highly influential. The Howard Jarvis Association continues to poison the political sphere to this day.
Sounds mostly to me like the free market working as intended. You have a single state expressing the majority of American's values, so everyone wants to live there. California's portion of the GDP reflects what the concentration of blue voters does for the economy.
Except in a true free market zoning laws wouldn't keep adorable, high density housing from being constructed to artificially boost housing prices.
Other than that I agree with you.