@kimmaicutler the progressives are making as much fuss as the people they displaced.
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@tolles I do not want to dismiss the fact that there is a legit issue w/ lack of recurrent affordable housing funding. - 6 more replies
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@ClayShentrup@SFyimby if they're retro-actively placed, yes.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ClayShentrup@SFyimby Alternately, they reduce property value for incoming buyers, who would already price that into their assessmentThanks. Twitter will use this to make your timeline better. UndoUndo
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@ClayShentrup@SFyimby Rent controls, downzoning aren't taxes the way prop taxes are taxes. They're meant to influence underlying land valueThanks. Twitter will use this to make your timeline better. UndoUndo
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@ClayShentrup@SFyimby Like if something is zoned for 4 stories, it's going to valued by a buyer for 4 stories, not for 18.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ClayShentrup@SFyimby likewise space that's industrial light-use is worth less per sq ft than residential is to a potential property buyerThanks. Twitter will use this to make your timeline better. UndoUndo
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@ClayShentrup@SFyimby it does influence property value, rent-controlled units w tenants here are prob worth ~50-100K less than empty onesThanks. Twitter will use this to make your timeline better. UndoUndo
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@ClayShentrup@SFyimby your argument would also make single-family zoning a "tax" since that also lowers land valueThanks. Twitter will use this to make your timeline better. UndoUndo
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@ClayShentrup@SFyimby no, it's to give tenants stability. But it does diminish property value.Thanks. Twitter will use this to make your timeline better. UndoUndo
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