Because of our refusal to build more housing, my SF house earns $70 an hour, six times the Calif minimum wage. My generation denies younger Californians the opportunity to catch up.https://twitter.com/aarieff/status/1015302657135661057 …
He didn't say he had a rental property that generates cash. He said his SF house earns that amount, presumably in increased value due thanks to laws like Prop 13.
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Prop 13 locks in property tax at sale price? It protects people who own houses they bought for nothing that are now worth a small fortune...also some of those people are lower on the income scale... how does this affect the lack of development the lack of affordable housing?
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