this just in: inherited property driving racial and intergenerational income inequality and also being the main guarantor of economic security in the absence of a strong welfare state is going to end very very badly for America
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it's the same dynamic for real estate developers as it is for existing land/property owners. They're all riding land value appreciation as the bulk of gains. SF residential real estate appreciates by the equivalent of 2 Ubers a year.https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
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I'm a monthly donor to Evolve lol I definitely care about Prop 13
End of conversation
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