6 ms·

In the case of HCOL places like the Bay Area, yes, perhaps they should move somewhere cheaper. The money they would make from selling their house gives them a l

In the case of HCOL places like the Bay Area, yes, perhaps they should move somewhere cheaper. The money they would make from selling their house gives them a lot of options. As it is today, young families are the ones buying in far out places like Tracy, Stockton, etc., and they still might pay higher property taxes than a retiree in the heart of the Bay Area. It seems backwards to me to have an incentive structure that keeps the labor force farther from work than retirees.

zepto 6y ago
> It seems backwards to me to have an incentive structure that keeps the labor force farther from work than retirees. That is a problem that we don’t have to solve by destroying communities through eviction. We can build workplaces where property is affordable, and those communities can develop into attractive places to live, and their property prices will rise too. It seems like a weird non-goal to try to create a society where there are only a few places where there is work and amenities. The natural response to one place becoming too expensive is to invest in making more places where people can live and work.
- pbuzbee 6y ago
  I wouldn't call it "destroying communities through eviction", but I do agree that cramming everyone into the same small set of places is its own harmful issue and should be reconsidered as well.
  - zepto 6y ago
    High property prices are just a signal that investment is better spent elsewhere. Trying to tax people out of homes because someone else wants them just means underinvestment in other communities.
- yongjik 6y ago
  Cupertino school district is planning to close some schools[1] because there aren't enough kids - fewer and fewer young parents can afford to live in this area. There are multiple ways to destroy a community. Apparently, one way is to artificially cap tax on long-time residents until only old people are left. [1] https://www.mercurynews.com/2020/09/14/cupertino-district-planning-to-close-schools-because-of-enrollment-decline/ https://www.mercurynews.com/2020/09/14/cupertino-district-pl...
  - zepto 6y ago
    > fewer and fewer young parents can afford to live in this area. That is due to wage stagnation, not prop 13.
    - yongjik 6y ago
      Oh come on. > Median household income (in 2019 dollars), 2015-2019 > Cupertino: $171,917 [1] > USA: $62,843 [2] [1] https://www.census.gov/quickfacts/fact/table/cupertinocitycalifornia/INC110219#INC110219 https://www.census.gov/quickfacts/fact/table/cupertinocityca... [2] https://www.census.gov/quickfacts/fact/table/US/INC110219#INC110219 https://www.census.gov/quickfacts/fact/table/US/INC110219#IN...
      - deleted 6y ago
        [deleted]
      - zepto 6y ago
        Many people are having trouble buying property is most prosperous parts of the US. It’s because wages haven’t grown in line with investment returns over time. This is not controversial, and is nothing to do with Prop 13 or whether Cupertino has a higher average income than other US cities.
      - veggieburglar 6y ago
        I don’t see how that refutes his point- maybe those young people aren’t living in Cupertino anymore?
    - imtringued 6y ago
      Moving all jobs into a few cities and then extorting those who more there is how you get wage stagnation.
  - imtringued 6y ago
    >There are multiple ways to destroy a community. I am convinced that California is hell on earth. It's designed to maximize human suffering and when you tell Californians how to get rid of the heat they tell you that they like it this way and actually would like it even more if it was hotter.
dahfizz 6y ago
"screw old people, kick them out of the city" is not a stance that wins votes.
- pbuzbee 6y ago
  No, it's definitely not. Thus why Prop 13 is referred to as the third rail of CA politics :)
sokoloff 6y ago
Perhaps they should move someplace cheaper if they want. But, they shouldn't be forced to do so if they don't want to. "Beat it grandpa; young people want to live here now..."
- caturopath 6y ago
  "Grandpa" is a millionaire, if he wants to stay he should pay what his neighbors do.
  - zepto 6y ago
    He already has.

zepto 6y ago

> It seems backwards to me to have an incentive structure that keeps the labor force farther from work than retirees. That is a problem that we don’t have to solve by destroying communities through eviction. We can build workplaces where property is affordable, and those communities can develop into attractive places to live, and their property prices will rise too. It seems like a weird non-goal to try to create a society where there are only a few places where there is work and amenities. The natural response to one place becoming too expensive is to invest in making more places where people can live and work.

pbuzbee 6y ago
I wouldn't call it "destroying communities through eviction", but I do agree that cramming everyone into the same small set of places is its own harmful issue and should be reconsidered as well.
- zepto 6y ago
  High property prices are just a signal that investment is better spent elsewhere. Trying to tax people out of homes because someone else wants them just means underinvestment in other communities.
yongjik 6y ago
Cupertino school district is planning to close some schools[1] because there aren't enough kids - fewer and fewer young parents can afford to live in this area. There are multiple ways to destroy a community. Apparently, one way is to artificially cap tax on long-time residents until only old people are left. [1] https://www.mercurynews.com/2020/09/14/cupertino-district-planning-to-close-schools-because-of-enrollment-decline/ https://www.mercurynews.com/2020/09/14/cupertino-district-pl...
- zepto 6y ago
  > fewer and fewer young parents can afford to live in this area. That is due to wage stagnation, not prop 13.
  - yongjik 6y ago
    Oh come on. > Median household income (in 2019 dollars), 2015-2019 > Cupertino: $171,917 [1] > USA: $62,843 [2] [1] https://www.census.gov/quickfacts/fact/table/cupertinocitycalifornia/INC110219#INC110219 https://www.census.gov/quickfacts/fact/table/cupertinocityca... [2] https://www.census.gov/quickfacts/fact/table/US/INC110219#INC110219 https://www.census.gov/quickfacts/fact/table/US/INC110219#IN...
    - deleted 6y ago
      [deleted]
    - zepto 6y ago
      Many people are having trouble buying property is most prosperous parts of the US. It’s because wages haven’t grown in line with investment returns over time. This is not controversial, and is nothing to do with Prop 13 or whether Cupertino has a higher average income than other US cities.
    - veggieburglar 6y ago
      I don’t see how that refutes his point- maybe those young people aren’t living in Cupertino anymore?
  - imtringued 6y ago
    Moving all jobs into a few cities and then extorting those who more there is how you get wage stagnation.
- imtringued 6y ago
  >There are multiple ways to destroy a community. I am convinced that California is hell on earth. It's designed to maximize human suffering and when you tell Californians how to get rid of the heat they tell you that they like it this way and actually would like it even more if it was hotter.

dahfizz 6y ago

"screw old people, kick them out of the city" is not a stance that wins votes.

pbuzbee 6y ago
No, it's definitely not. Thus why Prop 13 is referred to as the third rail of CA politics :)

sokoloff 6y ago

Perhaps they should move someplace cheaper if they want. But, they shouldn't be forced to do so if they don't want to. "Beat it grandpa; young people want to live here now..."

caturopath 6y ago
"Grandpa" is a millionaire, if he wants to stay he should pay what his neighbors do.
- zepto 6y ago
  He already has.