Unless you change California's tax structure, cities may have a hard time supporting dense, multi-family developmentpic.twitter.com/rxmsL19k4z
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@kimmaicutler Right, but I thought if the units are rented e.g. $1,500+/mo each, it’s a revenue that is state-taxed and funds the city, no?
@DominikBalogh @kimmaicutler Real estate investing(apts) is a loss leader. It's among best tax loopholes.Little state $$ other than prop tax
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