"it'll never happen. don't you know NIMBYs? costs are too high. what do you think of 827? oh, you're not in CA? you don't know CA. but let me ask you what you think of 827 again. it'll never happen. you know you have to upzone. what do you think of 827"
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Replying to @uhshanti @kimmaicutler and
meanwhile nearly every metropolis on the planet where capital is spurring rapid urbanization and massive inequality is experiencing a shortage of AFFORDABLE housing and I'm supposed to not ask for full repeal of Costa-Hawkins? nah
2 replies 4 retweets 11 likes -
Replying to @uhshanti @peternocturnal and
What about figuring out the best version of rent control that protects tenants and doesn’t crush production for future generations of Californians? In Vancouver, RC applies to most everything, including new units, so developers stopped building rents and went wholly to condos.
1 reply 0 retweets 1 like -
Replying to @kimmaicutler @uhshanti and
They still obviously have a massive affordability crisis too. They have a little of what tenants movements want (universal rent control) and a little of what YIMBYs want (double the unit production) but they’re still screwed.
2 replies 0 retweets 0 likes -
Replying to @kimmaicutler @peternocturnal and
how does this not scream "hostage situation to investment capital that requires an alternate mode of production and allocation and pricing"
2 replies 0 retweets 6 likes -
Replying to @uhshanti @peternocturnal and
All the Americans, including me, think they should just raise their property taxes.
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Replying to @kimmaicutler @peternocturnal and
gurl why does every discussion we have eventually lead to me having to say, yet again, that I want to raise property taxes I think about a year ago I invited you to swear a blood oath at the top of Mount Tam to seal our bond forever, yet like Sisyphus, I am bound to hell
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Replying to @uhshanti @peternocturnal and
Vancouver has 1/4th of California's property tax rate. I think that plus the rent control at half the median rents, plus lax enforcement by whatever their equivalent of the Justice Dept/IRS probably makes their vacancy issue a lot more severe than ours.
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Replying to @kimmaicutler @uhshanti and
i don't know the details of vancouver well, but two things: the rental shortage and shift toward building condos appear to predate rent control, and were the driver for adopting it; they have a ton of *vacant* condos, and a vacancy tax adopted specifically to address this
2 replies 0 retweets 5 likes
what's the data on the shift toward condos?
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