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> They won't because they don't want to keep their property taxes affordable. The tax rate has nothing to do with building houses.
by generalpass 7y ago
> They won't because they don't want to keep their property taxes affordable.
The tax rate has nothing to do with building houses.
- ummonk 7y agoSure it does. High uncapped taxes strongly incentivize property-owners to support new housing development. Low property taxes, capped to rise slower than inflation (e.g. prop 13), do the opposite. (I meant to say they do want to keep their taxes affordable)
- generalpass 7y ago> Sure it does. High uncapped taxes strongly incentivize property-owners to support new housing development. Low property taxes, capped to rise slower than inflation (e.g. prop 13), do the opposite. > (I meant to say they do want to keep their taxes affordable) That has absolutely nothing to do with CEQA.