...to get an exception to zoning rules that have been around for decades. Want to build within the established rules? No election required.
Let's not confuse this with something truly ridiculous, like the statewide proposition that capped property taxes at their 1970s levels. I'm not arguing that every citizen initiative is a good idea.
I believe some of the buildings on the pier are actually 92 feet high from the pre-war period, but some good, old downzoning in the 1970s moved it to the forty-feet level like much of the city.
Sucks that even though the SF city budget is nearly $2 billion larger annually than it was in 2011, we can't seem to divert more funds to teachers because of how convoluted the school financing formula has become post-Prop. 13.
The article mentioned "this uninhabitable home possibly infested by rodents and held up by a couple of poles" selling for $1.8M, but neither that or the linked one mentioned the owner was paying tax on only $70k of assessed value.
There are often comparisons made to Texas-- in this case, someone owning a $1.8M house would be taxed around $54,000 a year in Texas, versus the $700 he was paying in property taxes in California.