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Well, we could also repeal / sunset Prop13 and allow existing properties to reach their actual market values. This would suck in the short term, but it would le
by kec 8y ago
Well, we could also repeal / sunset Prop13 and allow existing properties to reach their actual market values. This would suck in the short term, but it would lead to way more liquidity in the market, even if 0 new units were built.
- toasterlovin 8y agoIt doesn't need to suck in the short term, either. Phase things in over 10 years. That's plenty of time for people to adjust.
- stmfreak 8y agoHeard of fixed income?
- toasterlovin 8y agoSomehow the rest of the country manages to regularly increase property taxes as property values go up...