It is the land--and the high price of the land is due to severe restrictions on building anything on it. Before those land use restrictions--"open space" laws, planning commission requirements and environmentalist regulations--became severe during the 1970s, California housing prices were very much like those elsewhere in the country.They don't seem to like people who aren't rich in San Franscisco.The Democratic Party in San Franscisco isn't the party of the "little guy".OpinionJournal.com
Wednesday, May 25, 2005
San Francisco zones out the middle class
Tom Sowell points out that San Francisco used to much like the rest of the country until government restrictions came along: