2 ms·
We shouldn't just repeal it. You abuse it's existence and the appeal to drive investment in property. Have the repeal not affect existing housing... and not af
by lsiebert 10y ago
We shouldn't just repeal it. You abuse it's existence and the appeal to drive investment in property. Have the repeal not affect existing housing... and not affect housing built for some short period afterwards. In places where developers have sway with local government or have carte blanc from counties to build, there will be immense efforts, because the benefits to the property owner will be huge, meaning they can charge a premium. And after 5 years or whatever is appropriate, you will have removed the penalty in tax revenue cities take with residential and residential services. Maybe add a provision for city councils to more easily approve bond measures to fund housing development, and kick start building properties where value will go up.