Fads and fashions from the 1970s aged badly. But if pet rocks and platform shoes mercifully came and went, public policy from that era has proven more durable — and damaging. Two housing policies in particular continue to hold great sway in California and San Francisco and are quickly approaching their 40th birthdays while proving themselves increasingly ill-suited to our times.
The state’s defining measure is Prop. 13. This week’s Business Times includes a detailed report about some of the…
