This is a trite, superficial story starting from its very lede. The Lucca’s ravioli family is making as much as $8.2 million from selling the building and lots. They’re getting to retire. https://missionlocal.org/2019/04/lucca-bids-san-francisco-adieu/ …https://twitter.com/washingtonpost/status/1130872891325784064 …
-
-
pay property tax rates from decades ago, which don’t keep up with the cost of services, which means their public institutions have to compensate or offset that by attracting business or putting more capital to work in high-risk, high-return asset classes.
-
That economic growth gets disproportionately captured by landowners (again!) and the cycle aggravates or rinse and repeats.
- 4 more replies
New conversation -
-
-
the story is broadly correct, regardless of however many historical nuances you'd like to use to complicate it. is this only the worst example of a long-standing trend? yes. but it's still a correct example
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.