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The problem here is not taxation, it's the artificially constrained housing supply in the Bay Area. Too many people are chasing too few houses; they would remai
by snewman 5y ago
The problem here is not taxation, it's the artificially constrained housing supply in the Bay Area. Too many people are chasing too few houses; they would remain unaffordable to most even if the tax rate were zero, because prices would rise to match income.
- pembrook 5y agoFully agree, it's a housing supply issue. But raising taxes while not addressing the supply problem will make it worse for those who have not already "cashed out" their capital gains into tax-advantaged real estate.
- delusional 5y ago"We can't solve the issue because that would be unfair to the people who haven't gotten to make use of it yet" isn't a compelling argument.