@amandakhurley Prop. 13 enhances the equity aristocracy. It means virtually all equity goes to incumbent property owners.
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@memory_images nope! % of income spent on housing is substantially different by year of birth. http://www.lao.ca.gov/LAOEconTax/Article/Detail/120 …
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@kimmaicutler Real housing price appreciation is an intergenerational wealth transfer from the young to the old: feature, not bug? -
@Joe_Cortright yes, that's the point!
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@amandakhurley Prop. 13 aristocracy! -
@kimmaicutler@amandakhurley down with the boomer bourgeois! - 1 more reply
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@kimmaicutler@newballpark we will all inherit their houses soon enough. Hate to think of it that way but it's true -
@SeeCress@newballpark you're forgetting the racial and class lines that property ownership falls upon. - 1 more reply
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@kimmaicutler the Me Generation to the endThanks. Twitter will use this to make your timeline better. UndoUndo
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