My two-part mantra for making sense of NIMBYism and other failures of housing policy. 1. 80% of voters are homeowners. 2. Homeowners hear "affordability" and think "my property value." Unfortunately, some days it seems as simple as that.
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are 1) not equitably distributed in wages and 2) disproportionately captured (again) by the same homeowners/landowners because of Prop. 13. They love to complain about industry even though it keeps their property tax basis low and home equity high.
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This is a perfect explanation and one I’ve been waiting to hear! I think
@micsolana told me something similar a few months ago. Cunning. So they need the very industry they are also game theoretically forced to oppose. Huh. - 2 more replies
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