@kimmaicutler Well, its someone's mother and she's still in her house, so I guess in the perverse outcome column, you can mark this as a win
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@negativeidlst you can always defer taxes on property value gains to the time of sale, so people get to stay in their homes. - 4 more replies
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@kimmaicutler When I wrote about this in 2011/12 buyers since '95 paid 78 percent of San Francisco's property taxes: http://www.sfweekly.com/sanfrancisco/prop-13-the-building-sized-loopholes-corporations-exploit/Content?oid=2183637&showFullText=true … -
@EskSF I wonder what it is now. - 1 more reply
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@kimmaicutler@louisgray would love to know what that is in SF. All those old nimby progressives & renters subsidized by new homeowners :) -
@tolles@kimmaicutler it depends per property, of course. If you own a home for 50 years in a fast moving market, the numbers can be crazy. - 1 more reply
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@kimmaicutler The Potrero complaint du jour is "new development doesn't pay its share", but indeed- it's the old-timers who are subsidized!Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler@louisgray need to change. Your grandma can sell her house for a fortune + retire somewhere else or contribute to schools... -
@KevinHalter@kimmaicutler well... she did retire. Now she's dead. So... one out of two. - 1 more reply
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@kimmaicutler@dbloom People get this is wealth extraction from the young, right?Thanks. Twitter will use this to make your timeline better. UndoUndo
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