Some context: Vancouver’s property tax rate is 1/4th of California’s, meaning it’s way cheaper to keep a unit empty there. Rent control applies to most everything, including new construction. Vancouver has historically built about 2X as much as SF per year, 4.3K units vs 2.3K https://twitter.com/conordougherty/status/1002949196964491264 …
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Replying to @kimmaicutler
Is that 1/4 the property tax rate, or 1/4 the actual tax after prop 13?
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Replying to @lizjanebates
1/4th the rate. Obviously actual costs vary widely in California depending on when you bought your home.
1:43 PM - 2 Jun 2018
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