Prop 13 creates a structure where the property owners financially benefit by deepening a shortage and causing affordability
take it out of capital gains if people choose to sell.
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I mean I see where you're coming from but buying a house in 75 on wages that haven't appreciated, while maintenance has?
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you can't have housing appreciating faster than median wages for 40 years. It's a disaster for the working, middle-class
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what's your goal? More (tax) money for (widgets)? What's the money for, how much do you need & for how long?
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fixing housing affordability.
End of conversation
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cap gains? At cap gains rate? No way. Why take any risk on real estate? It's the worst investment ever. Bugs! Leaks! Lawyers!
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the house has to pay for repairs/upgrades or the owner will own 30 cats & there goes the neighborhood. Real estate is stress!!
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now that I've made an ass of myself, I'm going to go think deep about your perspective. With ai. I think it'd chill the mkt.
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