If you're paying 80s-era prop tax rates, have $1M+ in equity & are a net revenue drain on city finances, least you can do is support housingpic.twitter.com/8MFJBknhYu
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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If you're paying 80s-era prop tax rates, have $1M+ in equity & are a net revenue drain on city finances, least you can do is support housingpic.twitter.com/8MFJBknhYu
People keeping more of their own money is not a drain on revenue.
Non-reassessed residential, and in particular single family homes, are net revenue losers for cities. How about paying for services you use?pic.twitter.com/wPq9cqb0Hi
Today a $1m home nets the state $12k a year in taxes. That is a thousand a month to rent from the state. How much more do you want to take?
Boomers don't pay that if they've owned for decades. Millennials do.
And if millennials are subsidizing roads, safety, etc. to you, maybe don't block their housingZ
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