[bradchris]

Fundamentally the issue, aside from lack of density, is Prop 13. In LA, and every other part of California, your tax rate will get frozen (forever, essentially) at what you buy your home for. So you have some people who now have a $7m home paying taxes as if it were $300k, because they bought it in 1978.

With a setup like that, of course SFHs, no matter how high they’re valued, will not provide enough tax revenue on their own