But we just saw that when zoning goes up against financial incentives, zoning wins. Why would more financial incentives help when you can't build anyway?
It’s the reverse really. Though I didn’t realize prop 13 effectively prohibits a LVT, the way it works in simple broad strokes is that it heavily taxes under utilized land, so holding vacant property or undeveloped land etc. becomes more expensive over time. It incentives utilization and thereby would drive more building faster and increase supply, as the more utilized the land becomes the better off it is for the land owner
LVT is unconstitutional in California (prop 13) and wouldn't help because boomers genuinely believe 1969 was the perfect year and nothing can be allowed to look different from it; you cannot motivate them to stop this with money.
That would encourage development and encourage making additional reforms to accommodate any unseen / unaddressed issues with the reform