3 ms·
The cash buyers from SF to Cupertino to Pleasanton are coming from China. Same in Vancouver, for example. Why not do what the new Muslim mayor of London is pr
by inmyway 10y ago
The cash buyers from SF to Cupertino to Pleasanton are coming from China. Same in Vancouver, for example.
Why not do what the new Muslim mayor of London is proposing -- stop the foreign investment property buyers. They're the biggest reason the local population can't afford housing in both the Bay Area and London, even for households with two adults making tech salaries.
- bufordsharkley 10y agoThis seems a really messy and discriminatory solution when compared to a far more elegant one: a land-value tax, which would reduce the ability for a property to serve as an investment vehicle. CAVEAT: LVT could not be applied unless Prop 13 were first repealed.