Even if you taxed all of Jeff Bezos' net worth to zero, it would compensate for a little more than 1 year of home price appreciation in SF. (I support more progressive taxation, but voters literally do not understand the scale of these problems.) https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html … https://twitter.com/Austen/status/1133365603689934851 …
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I get your point, but there is a redistribution of wealth in the bay area that exists to solve this problem. We just don't want do it.
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There are many different kinds of wealth inequality that manifest in incomes (like income inequality), wealth in terms of capital/equity ownership within companies, property/real estate wealth, inherited wealth, etc.
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CA's homeless issue is as much the result of the state's temperate climate, generous benefits and permissiveness of tent cities that attract the homeless from elsewhere as it is high housing costs
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But the reason that the appreciation is so high is that single-family unit is an outsize share of such a high population-growth area, and there's been no supply increase. Nothing will shift without concurrent changes to zoning, and we already knew that, yes?
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