Uh, more like longtime property owning San Franciscans used a regressive tax subsidy to shift housing burden to young people & the poor.https://twitter.com/CurbedSF/status/804158085338001408 …
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(which frankly definitely don't exist anymore on the Western half of the Bay) and then looking at the tax assessment and seeing
an assessed value of $44,000!!! That person gets to wander off w/ $1M of cashed out equity through no special effort of their own.
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