your candidate touted 40% affordability rates... that really were a couple hundred BMR units predicated on approving millions of sq ft of office space or thousands of more high-income workers that would've had nowhere to live & would've displaced more people into homelessness
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No one is saying let's not do anything??? This is perhaps my favorite strawperson on twitter dot com
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Promoting plans that for all intensive purposes only produce token BMR and then slow the entire mega-regional pipeline further behind existing population growth is basically equivalent to protecting the existing stock as an even further luxury/scarce asset class
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Existing homes, which are the vast majority of the housing stock, do this. It is pretty great... for basically only the people who got here first and own stuff.https://www.bloomberg.com/news/articles/2018-04-09/home-values-are-rising-by-800-a-day-in-san-jose …
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Also, only great for the first generation. Prop 13 reevaluates property taxes on inherited property, unless you have the resources to setup a living trust
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