Yes, and: If you want to analyze this as a trend, it's super-weird to start the clock just after a real estate bubble popped, in the midst of a historic foreclosure crisis. That there were this many properties changing hands in 2008 was not a good thing for many people involved.
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Yes that’s why I asked Selma for a different year comparison in 2006 or so. But when I look at other datasets in SF and then some LAO data on turnover, that trend is consistent there too.
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If staying put is bad, and incentives to depress turnover are also, then that same argument undercuts rent control, no?
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It’s really hard to encapsulate the whole argument in Twitter. But do you think there’s not a feasible policy solution or middle road where we can encourage housing stability without land-banking or land-hoarding? Or are those inextricably linked?
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So what would it take to ease out Prop 13?
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I don’t know. Split roll isn’t even polling well.
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And that takes prices that would be high no matter what and makes them crazy crazy high
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Yep. Prop 13.
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Surely you mean tax system?
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Since taxes are reappraised after each sale, there's a big tax penalty to sell in an up market.
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