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You're right that a LVT would help, but the existing regulations prevent people from actually redeveloping their land into more productive uses. When it's illeg
by buss 7y ago
You're right that a LVT would help, but the existing regulations prevent people from actually redeveloping their land into more productive uses. When it's illegal to build apartments in over 70% of San Francisco, that's the first and lowest hanging fruit to pick.
- pgreenwood 7y agoI agree restrictive regulation are a major part of the problem. But LVT would have the effect of reducing prices even if stock were not increased, leaving rents unaffected.
- qwhelan 7y agoLVT is illegal in California due to Prop 13, so you'd need a constitutional amendment to even consider it.
- rcpt 7y agoWell let's get one then. Is it really that hard to put it on the ballot every 2 years? Only needs to pass once to undo 40 years of damage.
- acdha 7y agoI was born around the time prop 13 passed and it wasn’t until I was in my twenties that I realized _why_ everything had been obviously built like an affluent society but crumbling due to lack of maintenance for as long as I’d been aware of it. One memory in particular was when the San Diego Union Tribune ran a picture of new computers from one of those supermarket programs, sitting under a hole in the roof because the district had been underfunded on maintenance for three decades.
- wasdfff 7y agoBuilding maintenace is the most readily glaring, but by far the worst aspect of prop 13 passing is how much school districts were and still are defunded. Untold damage to 40 years of students.
- acdha 7y agoI’m also curious how it’ll work for hiring new teachers: they’re usually offered worse wages than the retiring boomers saw at the same point in their careers and the housing market is much worse.
- Decade 7y agoIt’s working poorly. All the school districts near me have chronic teacher shortages, and there’s tremendous teacher turnover. Occasionally a teacher will go homeless before leaving for a district with lower cost of living. A prominent neighborhood activist has switched from NIMBY to YIMBY because his wife was recruited on an emergency basis to teach high school English without a teaching certificate, and has been teaching for the past several years. All the teachers I know of my age are living either with parents or with their parents’ financial assistance. The one mitigating factor is that young parents are having difficulty affording this region, so schools are starting to close and not need any teachers anymore.