3 ms·
I 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
by justchilly 6y ago
I 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...