Prop 13 keeping millions of SF of vacant commercial space from redevelopment in tight bay area housing market.https://twitter.com/kimmaicutler/status/656128322036977665 …
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Replying to @RevClown
@kimmaicutler what Cupertino looks like https://www.google.com/fusiontables/DataSource?docid=1ryL1ZHT1RiM4nJaCMOv_9thtMZ6L9IYo6Cuw4B2g …3 replies 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler I already have. Between 15-25M SF vacant 1+ year in Silicon Valley.3 replies 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler it's really high. When I run my County level analyses with wide screen Santa Clara gets 35% vacancy. This about 502 replies 0 retweets 1 like -
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Replying to @RevClown
@RevClown@kimmaicutler what makes you think housing use hindered by#Prop13, vs rezoning, which cities control & usually strongly oppose?2 replies 0 retweets 0 likes -
Replying to @tmccormick
@tmccormick@kimmaicutler property owners tend 2not sit back & pay taxes on idle land unless there's an economic upside somewhere.3 replies 0 retweets 1 like
@RevClown @tmccormick 30 yr fixed rate mortgage + Prop. 13 tax caps effectively make homeownership behave something like a price control.
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