The Silicon Valley peninsula is becoming a glorified retirement community with real estate equity for boomers propped up by proximity to corporate HQs who then export their workforce's housing needs to other parts of the Bay Area. https://twitter.com/ByRosenberg/status/959522693002412032 …
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Among residential beneficiaries, in reality, the vast majority of benefits go to high-income households according to the state’s legislative analyst office. http://lao.ca.gov/Publications/Report/3497#Do_Proposition_13.2019s_Benefits_for_Property_Owners_Vary_With_Income.3F …pic.twitter.com/2BdV3RmrJG
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