Family home inheritors are least of Bay area aspiring property owners' worries
-
-
-
they are actually kind of a big deal. It is currently at least $1.5B in foregone tax revenue/yr and likely to grow. http://www.lao.ca.gov/Publications/Report/3693 …
- 7 more replies
New conversation -
-
-
classic misdirection: ignore outsized power and influence of millionaire techies and blame onto house rich-cash poor homeowners instead
-
Most aren't millionaires. A few are billionaires. But most are 5-low 6 figure earners who are technically rent burdened by HUD definitions
- 2 more replies
New conversation -
-
-
nice turn of phrase -- head still spinning a bit on how laser-accurate it is -- kudos!!!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@sama It's the ultimate multiple sum vs zero sum game or value creation vs value extraction mindset. There's a book in this!Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Landlords who don't sell bc increase in rent yoy and little increase in cost thanks to prop 13. This decreases turnover.
-
Similarly, commercial property owners tax don't go up. When employees can't afford, their nonrenting employers aren't motivated to move.
- 1 more reply
New conversation -
-
-
Those artificially low and inherited property assessments help a number of immigrant families though!!!!
-
and keep the new families out
End of conversation
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.