Seems like a decent example of the problem in relying on for-profit developers to fix an affordable housing crisis?https://twitter.com/berkeleyside/status/1212825255544098816 …
Every way of funding affordable housing at the municipal level is structurally dependent on rising land values.
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That does seem like a very bad way to do things!
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People don’t want to change Prop. 13. They want to keep their same old tax rate, have their property values double every decade, make new/young people pay for retrofitting basic amenities + a small amount of aff housing with fees and then blame those people for being the problem.
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