only if new house is same or lesser value. more mobility=good. Of course, one more permanent ballot Prop to eventually unwind
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Replying to @mdlevinson @kimmaicutler
The new assessed value would be a combination of the old and new prices, as young people move to more expensive houses.
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Replying to @AlisonB916 @kimmaicutler
Oh. There should be NO subsidy for upgrading.
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Replying to @mdlevinson @kimmaicutler
Then it wouldn't benefit young people very much, and that would make the whole exercise pointless. The realtors know what they're doing.
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Replying to @AlisonB916 @kimmaicutler
Well right. That's why it's insidious.
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Replying to @mdlevinson @kimmaicutler
I'm a raving lefty, but am impressed by their creativity and resourcefulness.
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Replying to @mdlevinson @kimmaicutler
I do wonder what the YIMBY groups will do, as it appears they're funded by people who will support it. Fun times!
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Replying to @AlisonB916 @kimmaicutler
Really? How could a person be both pro-YIMBY and pro-deepening Prop 13?!
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Replying to @mdlevinson @AlisonB916
Here's a crazy fact. Real estate is not a uniform set of interests. Developers and existing landlords are often at odds.
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Sometimes developers try to screw over each others respective projects.
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