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
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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.
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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.
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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"
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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 @kimmaicutler and
I just volunteered for the last time for a candidate who was attacked in SF by her "pro-housing" opponent for wanting to raise property taxes on homeowners to fund $1B in subsidies I am over this
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Replying to @uhshanti @peternocturnal and
you know that I obviously don't agree with that the way that you don't agree with your candidate defending single family homes on the Westside or claiming 40% affordable housing by approving 10,000 workers' worth of office space.
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Replying to @kimmaicutler @peternocturnal and
fine but questioning my commitment to taxing property is not based in any tangible reality
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Replying to @uhshanti @kimmaicutler and
and in:re taxing SF's comically high commercial rents, when I filled out my ballot on Saturday, I chose the tax that was higher, so my future kids can go to school while I fight for better taxes
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I had a Taiwanese bubble tea shop owner message me today about how he was just gonna end up paying the tax, since it can be just passed on to tenants....
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Replying to @kimmaicutler @uhshanti and
Short term, yes, many commercial leases are "triple net" where property taxes are passed through to the tenant. However, when it comes to new leases, a higher tax will come out of rent, as potential tenants look at the total cost in deciding what they'll accept.
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