FWIW, I think it’s helpful to understand the roadblock as the non-wealthy. The wealthy can live anywhere they want. It’s the 60yo couple who’s net worth is 95% their $600k house (perhaps less than is in your 401k) that has the most to lose from changes to policy.
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The wealthy are typically the newcomers to CA who benefit from stock & pay high income taxes, whereas the land “rich” are older lower income people who vote for taxing rich techies. I see shaming the kind of folks that might attend a Warren fundraiser as missing that nuance.
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Replying to @pt
I guess I mean wealthy in the sense of “already owns a home.” But yeah that makes sense
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It’s not really that much housing assistance. Not when you see numbers like this:https://sf.curbed.com/2019/5/22/18625218/oakland-housing-crisis-affordable-homes-schaaf …
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Kim-Mai Cutler Retweeted a neighborhood character
When you look at the people we have running for office, that’s not gonna happen.https://twitter.com/cnc_nyc/status/1128123195750604800?s=21 …
Kim-Mai Cutler added,
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Replying to @kimmaicutler @pt and
Candidates winning district elections looooove telling voters they don’t have to pay more taxes, everything in their neighborhood will stay the same, their home values will rise 6-15% YOY & someone else will cover the $300K/unit local taxpayer subsidy to cover 1 affordable home
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Replying to @kimmaicutler @pt and
Carter Rubin Retweeted Carter Rubin
Meanwhile...Property values in LA County increased $100 Billion yoy last year.https://twitter.com/carterrubin/status/1097666566567555072?s=21 …
Carter Rubin added,
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yeah, and that's only the assessed roll. On some years SF increases by $131Bhttps://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
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Replying to @kimmaicutler @CarterRubin and
that’s actually wild in context: SF County has ~1/45 the state’s population, while LA County has 1/4
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