Never assume malice when a shitty model will suffice.
Sufficiently advanced shittiness is indistinguishable from malice.
That's what the oligarchy say.
How so? Zillow shows my house as being worth 50k more than I paid for it 11 months ago.
Information asymmetry sometimes defines an entire market (like salaries!). When you take away that asymmetry you change the market.
I don't know if that's a good or a bad thing, but I assume that is what the GP is getting at.
How do you know your house shouldn't be worth even more? I'm not actually saying that it is or should. I don't have a clue where you live or what percentage of the total value 50K is, but that doesn't mean much.
How do you know that this is a fact? This is a serious accusation that you make here.
Lower land values would be exactly what California's premier areas need to make homeownership affordable to the middle class again.
You don't need cheap land to get cheap housing. It is possible to build buildings with many floors.