It’s sad that some first generation Asian American immigrants want to pull up the drawbridges behind them and shut off access to the neighborhoods that provided them with economic mobility by fighting housing at a mall that’s been failing for decades.https://www.mercurynews.com/2018/09/17/battle-heats-up-over-trailblazing-silicon-valley-housing-development/amp …
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Also while the proposal to replace this failed mall, which is practically across the street from Apple HQ, still has too much office space relative to housing, it does produce 50% affordable housing at 80% of area median income.https://twitter.com/svathome/status/978742618350747649?s=21 …
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Clarification, several proposals are being voted on *tonight* in Cupertino. Here are the options:https://twitter.com/PodCastFan88/status/1042124724707373056 …
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"Appropriated"? Seriously? They acquired an asset, paid for it and it's gone up in value. Nothing more. And gains, but not losses, on the eventual sale are taxable.
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They intentionally shut off the ability for other property owners to do what they wanted with their property that they bought and paid for in order to enhance the returns on their assets.
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Oh you live in a new development! I’m in some middle-age housing built in 1929
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