

Honest q: how do you spend so much time and energy thinking and writing about CA housing and not just lose it in anger?
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oh, I'm pretty angry. Once you realize how it connects to everything else like schools, prisons, tax reform, homelessness.
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that's if you *own* homes. Generally affordable housing is targeted at people who are too poor to own homes, or even rent.
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the whole of these tax deductions are for people who own property. About 45% of Californians are renters & don't qualify.
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they don't contribute to affordability in inelastic markets. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2375853 … They just get capitalized into asset values.
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I've wanted to see a modern study of how Prop. 13 was capitalized into asset values, but most recent is 1980.
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it fiscalizes land use. Makes municipalities more sensitive to tax revenue outcomes of land use decisions.
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@CalBudgetCenter wait, how do you talk about CA tax expenditures and not mention Proposition 13? -
@chilliamwen these are exemptions that come out of the interplay between federal & state tax breaks. They understate totals. - 1 more reply
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End the MID and use for the funds for a Baby Bonds program to tackle the racial wealth gap. http://econ.hunter.cuny.edu/wp-content/uploads/2016/03/seminar2016-darity2.pdf …
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