Unless you change California's tax structure, cities may have a hard time supporting dense, multi-family developmentpic.twitter.com/rxmsL19k4z
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Unless you change California's tax structure, cities may have a hard time supporting dense, multi-family developmentpic.twitter.com/rxmsL19k4z
@kimmaicutler The driving force here is house price, not type of housing. Property taxes absolutely incentivize economic exclusion
@BenRossTransit I'm saying the CA structure w Prop 13 means that housing is less of a benefit to a city's bottom line than retail
@kimmaicutler Place Matters has good discussion of CA cities destructively fighting over sales tax revenue
@BenRossTransit why do you think the property tax is not a good source of revenue? Sales tax is regressive. Cap gains/income is volatile.
@kimmaicutler Property tax is good revenue source. But control of both zoning & taxes by small suburban towns creates bad incentives
@BenRossTransit they have power issue lots of fees to cover costs of services & to put bonds, debt before voters.
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