@tanzoak @DarwinBondGraha the state of California has less flexibility than other govts over property tax abatements bc of Prop. 13, 218.
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@tanzoak@DarwinBondGraha hence, the fee structure.
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@kimmaicutler The argument that developers are being over-taxed is flawed, I think. -
@DarwinBondGraha They are still buying land at the peak of the land cycle, which only gives them a certain margin. Would rather tax land. - 4 more replies
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@tanzoak@DarwinBondGraha we're getting some housing, it's just tiny....Thanks. Twitter will use this to make your timeline better. UndoUndo
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@tanzoak@DarwinBondGraha NYC has a complex tax abatement structure that rebates landlords renting to lower-income tenants. CA can't do thisThanks. Twitter will use this to make your timeline better. UndoUndo
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@tanzoak@DarwinBondGraha so we have price/rent controls & fees in lieu of that.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@tanzoak@kimmaicutler Unless you realize the crisis for the lowest income households is much more severe than middle/upper income. -
@DarwinBondGraha@tanzoak some fees on a few thousand new units when the median renter income is $30K isn't really going to do much.
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