then homevoters chose to cap their own property taxes through Proposition 13 in 1978, and then this tax benefit effectively got priced into value the of real estate. (It's also inheritable). http://lao.ca.gov/Publications/Report/3497 …
some DSA folk like @uhshanti think we need mass public housing. I think there are lots of interesting, successful social housing programs globally. Like Vienna! http://www.governing.com/gov-affordable-luxurious-housing-in-vienna.html …
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I just have a hard time seeing how the US gets there in the near-term, given the current administration and how we're going to have even *less* affordable housing funding than we did before.https://www.nytimes.com/2018/01/18/business/economy/tax-housing.html …
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@LAO_CA also calculated that it would cost $250 billion to build affordable housing for all 1.7 million low-income, rent-burdened tenants in the state: http://www.lao.ca.gov/Publications/Report/3345 … - 4 more replies
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