gains taxes upon sale, which current Prop. 13 & state law precludes cities from making.http://cityobservatory.org/a-1-6-billion-proposal/ …
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Replying to @kimmaicutler @constans
No, because u r still punishing people, condemning them 2 poverty/greatly reduced living options if they sell.
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Replying to @kimmaicutler @constans
Then don't rip off my heirs either if I leave it to them. They need a home too. It's all about ur personal greed.
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Replying to @ladykayaker @constans
doesn't seem very progressive to favor a feudal land system.
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Replying to @kimmaicutler @constans
Don't tax poor people who's only "wealth" is on paper due to rich neigbors bidding up property prices.
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Replying to @ladykayaker @constans
then build more housing & supply so more normal people can afford to compete in this market.
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Replying to @kimmaicutler @constans
expanding supply will do nothing unless u outlaw competition from non-resident buyers. Need owner occupancy law.
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Replying to @kimmaicutler @constans
if u expand supply sans limiting non-owner occupied purchases then it all gets gobbled up by Dubai.
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FFS, "Dubai" and whatever nativism you are pulling is minuscule relative to actual population growth in CA.
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