If you came to San Francisco in the 1970s and 1980s "when it was cool" and are complaining about how tech has ruined the city and you're only paying a few grand in property tax a year on $2M+ in home equity, ask yourself... how does my city pay for things? https://t.co/aKTc21qCR0
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People are going to complain no matter what. Its called life. If you want to increase property tax revenues the best way to do that is to increase the supply of houses, which also increases other tax revenues. This ain't rocket surgery.
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Higher property taxes make it easier to build houses, though! The biggest barrier to development is the cost of LAND. Land goes down in value when property taxes are higher.
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