@RFrances2 bc of Prop. 13, longstanding property owners taxes do not keep up with costs of providing public services.
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Replying to @kimmaicutler
@kimmaicutler Prop 13 repeal is direct attack on middle class. Haven't gov policies destroyed many lives already? Want more tax $$:Tax rents5 replies 0 retweets 0 likes -
Replying to @RFrances2
@RFrances2 Prop 13 savings just got priced into higher property values, which penalizes future Californians, future middle class.1 reply 0 retweets 3 likes -
Replying to @kimmaicutler
@kimmaicutler This comment seems misguided, which is unlike your usual. Prop 13 has little to do with price of property.When sold P13 resets1 reply 0 retweets 0 likes -
Replying to @RFrances2
@RFrances2 but it makes residential development revenue negative for many CA cities1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler Then why is Central Valley, Inland Empire, NE SD, Sacto to Yuba one new subdivision after another? CA land is being chewed up1 reply 0 retweets 0 likes -
Replying to @RFrances2
@RFrances2 bc were not doing multi family infill in the Bay Area? All those are SF tracts.4 replies 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler 2/ Developers build product that people with most $$ want to buy. The retirees and richer economic migrants want single-family2 replies 0 retweets 0 likes -
Replying to @RFrances2
@RFrances2 those retirees and richer folk are just bidding up existing SF homes to astronomical prices while ppl get mad abt so-called1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler I've stated my preference:Divide AMI by 4. No quartile can build more than x # of units (ex 500) until all quartiles are equal1 reply 0 retweets 0 likes
@RFrances2 Ok but how do you magically finance this given land, labor costs?
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Replying to @kimmaicutler
@kimmaicutler Commercial rents have never been higher. Tax 3-5% of commercial rents (where housing demand is coming from) and build housing!0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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