California's tax structure encourages land owners, investors to sit on vacant properties, ride price appreciationhttps://twitter.com/susie_c/status/634069264270520320 …
@twliterary then they want out, and they sell at a profit bc they don't want to deal with maintenance, prop. mgmt
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@twliterary then someone else comes in, buys the bldg at a higher valuation than the rent controlled cashflow can support --> Ellis, TICThanks. Twitter will use this to make your timeline better. UndoUndo
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