75% of the 1.8 million people we expect to add to CA population in next 10 years will be kids of current Californians
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Replying to @kimmaicutler @constans
Great. Lets move some jobs to Sacramento and to Modesto so we're not all in 1 basket.
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Replying to @ladykayaker @constans
that is already what happens. It just happens to be poor people that move to Sacramento/Modesto. You're just
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consigning young people & poor/middle-class to less prosperous areas, where they earn less.
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Replying to @kimmaicutler @constans
No. To less crowded areas. If u move the jobs there they r just as prosperous.
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Replying to @ladykayaker @kimmaicutler
you have to accept that more people are going to move to your region and account for that.
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without new housing, they'll buy up everything that exists and jack up prices
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Replying to @constans @kimmaicutler
U get a REIT out of Dubai or China outbidding a family & then renting them house they would otherwise have bought.
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Replying to @ladykayaker @kimmaicutler
preserving the same number of units that previously existed.Which makes it worthwhile to speculate.Isnt this obv?
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Replying to @constans @kimmaicutler
Doesn't matter about 'worthwhile 2 speculate' if u regulate 2 prevent speculation.
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the way to dampen speculation is to make it less attractive an asset. Prop. 13 does the opposite.
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