3 ms·

Gentrification makes housing more expensive in the short term. First order, that's good for landlords and bad for renters. Mixed for owner-occupiers - they ha

by erehweb 11y ago

Gentrification makes housing more expensive in the short term. First order, that's good for landlords and bad for renters. Mixed for owner-occupiers - they have more wealth, but higher property taxes.

ThrustVectoring 11y ago
Not in California it isn't. Prop 13 limits property tax rates for owners.
- erehweb 11y ago
  Agreed. Was thinking of the Portland context.
  - steveax 11y ago
    Oregon passed Measure 5 in 1990, which is similar to California's prop 13.