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This is only when you look at it as a zero-sum game, which is only the case because there's not enough new construction happening. If you addressed the inequali
by curun1r 10y ago
This is only when you look at it as a zero-sum game, which is only the case because there's not enough new construction happening. If you addressed the inequality between homeowners and non-homeowners by getting rid of the protections afforded by proposition 13, you'd create a situation where it's in everyone's best interests to have lower housing costs and we'd see more new construction as a result. As it is now, homeowners are actually incentivised to oppose new construction since it increases the value of their property.
- closeparen 10y agoPolicymakers have set it up as a zero-sum game precisely to address structural inequality: to prevent tech workers from ruining everyone else's lives. Viewing preexisting homeowners here as unfairly advantaged (rather than unfairly disadvantaged by the influx of people with higher incomes than them) is a fringe position that only works on HN. I think it's correct, but it's not going to win a Board of Supervisors election.