as a relative newcomer (5.5 yrs) & comparing to other places I've lived, what strikes me most about Bay Area housing is the extraordinary..
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Replying to @tmccormick @kimmaicutler and
level of resignation pervading most discussion, and how narrow is the range of responses usually considered discussable. Fear of fear itself
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Replying to @tmccormick @kimmaicutler and
e.g., remarkable to me how little discussion or proposal I ever see on paths to
#Prop13 reform, or to improve municipal revenues by means..5 replies 0 retweets 6 likes -
Replying to @tmccormick @kimmaicutler and
.Fair might be to extend P13 to new construction and compensate for that with income tax increase which is more progressive and controllable
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Replying to @sf4sfsite @tmccormick and
no, land out of land, income out of income. subsidize affordable out of cap gains on property, expand EITC out of progressive income tax
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Replying to @kimmaicutler @sf4sfsite and
don't just give an inheritable windfall to pre-existing property owners. which it sounds like, you may be one of....
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Replying to @kimmaicutler @tmccormick and
That's why I suggest fair is to extend P13 to all new property. Up to 1/3 of rents on new MR is property tax. Way to high - cut that rent!
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Replying to @sf4sfsite @tmccormick and
most property is old property in this state. Every year the existing residential real estate in SF appreciates by 2X the total amount of
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Replying to @kimmaicutler @sf4sfsite and
venture capital invested in the *entire country* http://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
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Replying to @kimmaicutler @tmccormick and
That's a different issue. SF is in high demand and price is driven by over concentrated tech and it's high income earners. Supply won't help
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sounds like you might be a property owner.
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Replying to @kimmaicutler @tmccormick and
Please respond to why extending P13 to all is not a fair plan that would reduce rents
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