Greedy property owners in affluent suburbs hoarding real estate appreciation and underfunding public infrastructure, services. https://twitter.com/puiwingtam/status/794894351595773952 …
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Replying to @kimmaicutler
maybe those greedy pigs thought they were just making an investment in their future? Problems are solvable. Try nice.
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Replying to @macajemianuts
California has very different property, land use rules than New York.
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Replying to @kimmaicutler
I grew up and lived in silicon valley most of my life.
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Replying to @macajemianuts
so did I. In most pts of the country, home price appreciation since the 1960s has been like a 10X. In PA, a 100X.
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Replying to @kimmaicutler @macajemianuts
Prop 13 creates a structure where the property owners financially benefit by deepening a shortage and causing affordability
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Replying to @kimmaicutler @macajemianuts
issues for everyone else. It's just a pass the buck structure, which is diff than most other pts of the country.
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Replying to @kimmaicutler
real estate is the most complex social issue there is. Time, money, people & society all meet in/over real estate.
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I understand that but CA has a system that tilts too heavily toward giving all returns, $$$ to land owners.
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Replying to @kimmaicutler
maybe. It also fosters innovation unlike anywhere that helps the world unlike anything ever in history. Be careful w/change.
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Replying to @macajemianuts
the real estate system is *not* adding to the situation. It is leaching off of it.
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