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Those Felicias are the majority of the tax base, and fund all of the initiatives that rebuild communities. Falling housing prices -> falling property taxes -> l
by justchilly 6y ago
Those Felicias are the majority of the tax base, and fund all of the initiatives that rebuild communities. Falling housing prices -> falling property taxes -> less funding for schools. Even the new revenue tax passed last year to fund homeless programs is based employees being in SF, when they leave, no more funding.
Not to mention all the money the Felicias pump into the local economy by ubering to brunch to buy their avocado toast and bottemless mimosas from local businesses.
- sftoss31337 6y agoShrug. Rationalize their existance all you want, but we will get by just fine. Do you know why San Francisco has always been expensive? Because it’s so worth it. We will do just fine without the parasitic green-eyed monsters who have invaded our homes since Web 2.0.
- Nasrudith 6y agoThat is a strange definition of parasitic - having a claim to it other than whose vagina they exited.
- biztos 6y agoActually SF was really inexpensive when I moved there in 1993. Apart from that I enjoyed your rant. :-)
- justchilly 6y agoI think your anger is misguided. Those web 2.0 arent happy about the exorbitant rent either, nor are they the primary beneficiaries. That would be the native SF'ers/homeowners that were here before the boom (and who are still paying $25 a month in property taxes while collecting $5k in rent due to Prop 13). SF's budget has more than doubled in the past 10 years. For example, the city budget increased >$400mm from just higher property taxes in 2019 alone. https://sfassessor.org/news/strength-property-tax-helps-sf-recognize-415-million-additional-funding https://sfassessor.org/news/strength-property-tax-helps-sf-r...