I'm not tweeting to just San Franciscans. I have followers in the peninsula, suburban communities, who have a different
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while largely being totally unaware of how the federal government subsidizes housing to upper income households at giant
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understanding of real estate, housing markets, class/income disparity.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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@sacca probably worse than that; developers, realtors, lenders all benefit from interest deduction that allows higher prices -
bingo. It is mostly just capitalized into higher asset prices.
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Of course. I'm just pointing out that Seattle voters have already done this *five* times.
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And the next one will only cost the owner of a median priced home $10.17/month. :)
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@sacca@patrick_sharkey@copeland_et_al income tax deductions are now social programs? -
mortgage deduction was never intended to be what it is today http://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=1561&context=lcp …
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@patrick_sharkey@copeland_et_al If you can afford this wack CA home prices then thats super -
ah, but you see, the wacker the prices, the bigger the government subsidy!
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