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> I don't think that having gotten lucky and bought a home somewhere when it was cheap What makes you think it was luck? How about people who saw the potentia

by zepto 6y ago

> I don't think that having gotten lucky and bought a home somewhere when it was cheap What makes you think it was luck? How about people who saw the potential in a place before other people did, and contributed to its success? How about ordinary working class families who have lived there for generations? > should entitle you to enjoy living there forever when others are willing to pay more for the same home. I don’t see why people with money should have the right to force people out of their homes. > that available housing slots end up being given to those people who are willing to pay the most for them I see, so this is about people with lots of money being able to force people out of their homes. Why are there limited slots? Why not just invest in other places? There are many underdeveloped towns even in California, where prices are cheaper. The market signal is that people should go and invest in those places.

llampx 6y ago
Is there any other space where taxes are so inequitable as with property in California? Why don't they move to a more equitable tax scheme based on, say, what the district requires rather than what the home was bought for? I already know the answer, because nobody would vote for it. It is the same in Berlin, where I live. People voted for the Mietendeckel but the only group of people that benefitted from it are the long-term renters who already have all the house they need. Among the screwed: small-time landlords, new renters and new families who need bigger apartments.
jjav 6y ago
> I don’t see why people with money should have the right to force people out of their homes. Agreed. Opposition to prop13 essentially is a statement saying that whoever has more money because they hit it rich on an IPO deserves the right to kick out established residents just because they have more money.
imtringued 6y ago
>How about people who saw the potential in a place before other people did, and contributed to its success? Contributed to its success by following a tax policy that encourages commercial real estate at the expense of residential real estate? Are you sure those people aren't just taking the jobs that the commercial real estate is providing hostage and are now extorting people for the privilege of living near the job? >The market signal is that people should go and invest in those places. No, the market literally screams into your face that you should build more housing and fix the commercial vs residential mismatch.

by zepto 6y ago

llampx 6y ago

Is there any other space where taxes are so inequitable as with property in California? Why don't they move to a more equitable tax scheme based on, say, what the district requires rather than what the home was bought for? I already know the answer, because nobody would vote for it. It is the same in Berlin, where I live. People voted for the Mietendeckel but the only group of people that benefitted from it are the long-term renters who already have all the house they need. Among the screwed: small-time landlords, new renters and new families who need bigger apartments.

jjav 6y ago

> I don’t see why people with money should have the right to force people out of their homes. Agreed. Opposition to prop13 essentially is a statement saying that whoever has more money because they hit it rich on an IPO deserves the right to kick out established residents just because they have more money.

imtringued 6y ago

>How about people who saw the potential in a place before other people did, and contributed to its success? Contributed to its success by following a tax policy that encourages commercial real estate at the expense of residential real estate? Are you sure those people aren't just taking the jobs that the commercial real estate is providing hostage and are now extorting people for the privilege of living near the job? >The market signal is that people should go and invest in those places. No, the market literally screams into your face that you should build more housing and fix the commercial vs residential mismatch.