Remember, newcomers and newer homebuyers subsidize public services, infrastructure & schools for longtime homeowners with their much higher property taxes!https://twitter.com/louisgray/status/987020742041600000 …
Since when did my comment on the distribution of taxes become a proposal? This is de facto Bay Area policy though. Many cities have huge unfunded liabilities, so they approve office & no housing. The ensuing property boom (& displacement) helps them run in place against deficits