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Yes, LA should build more housing, but it doesn't help when people remove housing from the market. This is a huge problem with AirBnB, they're encouraging people to remove supply from the housing market, often in the areas where more housing is needed the most.

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I'm for repealing rent control - if we repeal Prop 13 at the same time.

For some reason, landlords want their cake and eat it too.

Don't know why this is getting downvoted--it's spot on.

Can you briefly explain prop 13?

Thanks

California's Prop 13 is basically eternal rent control for landlords.

Increases to property tax are tightly capped. If housing prices skyrocket (which they have for a long time) the taxes on the houses barely rise at all. It highly encourages never selling property, and largely decouples property tax from the actual market price.

All this results in a situation where the state with the biggest economy is constantly broke.

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