Earlier quoted context omitted.
> But at the same time, these cities, like Palo Alto, are building office space left and right and welcoming businesses into town. Because said cities cannot get enough tax money from property tax (blame Prop 13) so they need to get it from businesses. But then those businesses attract people in the area and then those people need a place to live in but they can't get a place because nobody has the incentive to sell…
As someone not familiar with Californian/SF local legal matters. What do they need the tax $ for if there aren't many residence?
But it's not sustainable, and imo, downright evil.