Take a look at the SF Housing crisis, I feel like a large part of the "lack of houses, but lots of companies" problem is the result of Proposition 13 (https://en.wikipedia.org/wiki/California_Proposition_13_(197...). This means that each municipality would much rather host a company that pays tax than have housing (which the city comparatively loses money on), which leads to the current problems. (At least in part)
I fear other propositions like that one, which sound great ("No more taxes!"), but have subtle, but large consequences would get passed by such a system more readily.