It’s not just about building more housing. It’s also that California’s entire property and land use system incentivizes owners to hold, so fewer and fewer homes trade every single year.https://twitter.com/thebasispoint/status/1003325808528773120 …
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In my home country the Netherlands we are halfway easing out tax deduction for mortgages. Lifted retirement wage to 67. Lots of talking over years was required
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not sure if this is possible, but if prop 13 was a tax revolt, maybe another proposition replacing prop 13 with a less-prescriptive-but-still-effective safeguard against runaway taxation could be politically viable?
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this is depressing. i'd love to see the internals...
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Really? That’s too bad.
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