I wonder where funding for affordable housing should come from.... https://twitter.com/miradu/status/661031899490447360 …
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@kimmaicutler interesting solution. Wonder what second order effects that would have on method and frequency of home sales then. -
@Evanish Prop. 13 already has lock-in effects bc owners can't always transfer tax benefits to their next property http://www.nber.org/papers/w11108.pdf …
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@kimmaicutler and especially how it may impact the Chinese-owned, largely vacant apartments/buildings I keep hearing about in town... -
@Evanish that's sort of the point. All of these laws, benefits were designed when global capital markets were less liquid, rapid.
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@kimmaicutler@Evanish transfer taxes bad, avoided through holding co. (common in London, though mortgage tax relief here would ameliorate.)Thanks. Twitter will use this to make your timeline better. UndoUndo
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