Facing a crisis, we tax new housing but keep property tax caps in perpetuity for the olds. http://blogs.wsj.com/economics/2016/05/05/how-city-hall-exacerbates-the-entry-level-housing-squeeze/ …pic.twitter.com/ChAlSRgTH5
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
@DonaldFalk the fees aren't sufficient to cover the worsening affordability problem all the other tax capped properties contribute to...
@kimmaicutler I don't see that differently from you, but what I struggle with is how economic rent plays in, ie, how best to extract. 1
@kimmaicutler And I think people often conflate who ultimately pays the price or gets the benefit, not always the developer. 2
@kimmaicutler Did Twitter tax break ultimately most benefit land owners, not tech companies? 3
@DonaldFalk @kimmaicutler metric is different for redevelopment vs greenfield. Development residual has to beat value of existing use. +
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.