Posts Tagged ‘proposition 13’

Proposition 13 Allows San Franciscans to Live in the Past

Wednesday, May 20th, 2009

Here’s yet another effect of California’s abysmal Proposition 13, the “People’s Initiative to Limit Property Taxation.” What you’ve got is unregistered LBJ-era Chevrolet Bel Airs sucking up valuable real estate in name-brand neighborhoods for the simple reason that it doesn’t cost the owner all that much money to just carry on.

This is a misallocation of resources, this is inefficient, this is Proposition 13.   

Click to expand. (Note the bay window visible in glass reflection.)

Prop. 13 – End It Don’t Mend It.