This is where you are wrong. Prop13 makes building infrastructure basically illegal. You should look into how Japan actually did it.
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Replying to @geoliberal @mattyglesias
The other big factors you miss are deflation, demographics, apartment sizes, and immense sprawl. Tokyo is great, but this is how it looks...pic.twitter.com/S3qlVmwZay
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Replying to @geoliberal @mattyglesias
@iddqkfa is right. CA tax system essentially allows property owners to capture most of the unearned land increment.
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Replying to @kimmaicutler @mattyglesias
Japan leverages much more of the unearned land increment for public good, infrastructure.
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Replying to @kimmaicutler @mattyglesias
Cc @alon_levy
12:44 PM - 1 Jun 2017
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