real estate is the most complex social issue there is. Time, money, people & society all meet in/over real estate.
-
-
Replying to @macajemianuts
I understand that but CA has a system that tilts too heavily toward giving all returns, $$$ to land owners.
1 reply 0 retweets 1 like -
Replying to @kimmaicutler
maybe. It also fosters innovation unlike anywhere that helps the world unlike anything ever in history. Be careful w/change.
2 replies 0 retweets 0 likes -
Replying to @macajemianuts
the real estate system is *not* adding to the situation. It is leaching off of it.
2 replies 0 retweets 1 like -
Replying to @kimmaicutler @macajemianuts
system probably would've broken down earlier if the industry's income/capital gains tax revenue weren't holding up the state
1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
and what? NY taxes are so high few can buy property.
1 reply 0 retweets 0 likes -
Replying to @macajemianuts
property taxes are so low in CA that they got priced into higher property values that now no one can afford
1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
yes. People bought cheap & prices exploded. Taxes lag or people lose houses. Plus few new bldgs=high rent. Catch22++.
2 replies 0 retweets 0 likes -
Replying to @macajemianuts
take it out of capital gains if people choose to sell.
5 replies 0 retweets 0 likes -
Replying to @kimmaicutler
I mean I see where you're coming from but buying a house in 75 on wages that haven't appreciated, while maintenance has?
2 replies 0 retweets 0 likes
you can't have housing appreciating faster than median wages for 40 years. It's a disaster for the working, middle-class
-
-
-
Replying to @macajemianuts
California real estate prices used to be only 20-30% higher than US. Now they're 250%. http://www.lao.ca.gov/reports/2015/finance/housing-costs/housing-costs.aspx …
1 reply 0 retweets 1 like - 11 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.