It's not at all surprising that continued meddling into the market by the State has produced and unexpected and undesired outcome. When will the legislators learn? Never. Not at least until CA is no longer a one-party state.

Prop 103 isn’t meddling by the state - it’s more populist pushback with unintended consequences like Prop 13. Prop 103 makes no sense when the historical record isn’t as useful to predict outcomes and prevents the use of better actuarial models that allow insurance companies to have a business. We have attempted to purchase a home here but we can’t get fire insurance despite being able to deal with the lopsided property taxes. It’s the main reason we are leaving.