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 the house I grew up in was built the year Steve Jobs graduated high school and it’s crazy that the suburb looks the same as it did decades ago even though Apple is a $1T company. Homeowners just appropriated value in property appreciation w/out investing in infrastructure.
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Replying to @kimmaicutler
"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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Replying to @pmohme
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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What about people who owned property who would’ve liked to build duplexes or triplexes on their lots to accommodate demand from other buyers in the market?
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