What if Scott @Scott_Wiener and the Yimbys have the housing crisis backwards? @kimmaicutler @SFyimbyhttps://48hills.org/2018/02/state-housing-crisis/ …
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At least we can agree that there is a problem in Cupertino, where the mayor now says the housing crisis isn't dire. I think there is such a thing as growing too fast, and that's what the Bay Area has done, and it's no surprise that it's created a mess.
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So, now what? What is your plan to deal with the current situation? Even if we stopped growing the economy, we're still in desperate need of massively more housing, right?
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The big 5 companies (aapl, goog, etc) will just cannibalize the entire now extremely limited allotment. The 2nd issue is the pension liabilities. Even very wealthy suburbs with high jobs-housing ratios like PA are facing up to $1B in pension liabilitieshttps://www.paloaltoonline.com/news/2017/10/13/behind-the-headlines-transcript-palo-altos-pension-problem …
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CA cities can’t charge income tax. They also race to the bottom on business tax (if we had a regional govt, we could just have a single regional standard for business tax but no). So they use the office space as a tax revenue source to compensate for the liabilities.
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