3 ms·
“where a lot of people are trying to use their single family homes as an outsized, speculative investment asset” Wouldn’t that be pretty much every city in Ame
by DataWorker 7y ago
“where a lot of people are trying to use their single family homes as an outsized, speculative investment asset”
Wouldn’t that be pretty much every city in America with a sizable middle class?
- claudeganon 7y agoKey word being “outsized.” Prop 13 (among other issues) has turned real estate in LA to sheer insanity relative to the age and quality of the housing stock.
- sroussey 7y agoSo much easier to gentrify a neighborhood when you price it up and cause the original residents to pay the same tax as the new neighbors.
- L_Rahman 7y agoyes, which is why building housing and transit has become a nationwide failure