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This does ignore the fact that rents are also, in fact, going up. Before the interest rate rose most people could not afford their own place in most cities on m
by pempem 5y ago
This does ignore the fact that rents are also, in fact, going up. Before the interest rate rose most people could not afford their own place in most cities on minimum wage. In SF we've been living with roommates well into our 30s. Lovely but not exactly how it used to be generally.
At the same time some of us salaried folks have gotten small windfalls this year, but most jobs haven't seen a comparable rise in salaries.
All of this leads me to be on team taxation.
- mccorrinall 5y agoI‘m from Europe and never been to SF, but imo taxation isn’t necessarily needed. Instead the „american dream“ should be adjusted. Not every human needs their own family home. Build more apartment complexes. I’ve recently seen in a youtube video by the NYT that there are actual lobbies against changing low density housing zones to high density housing zones: https://youtu.be/hNDgcjVGHIw?t=253 https://youtu.be/hNDgcjVGHIw?t=253 I’d recommend to give it a watch :) Imo the soviet apartment complexes are a good idea. I live in one as well (Germany), and I can afford rent without hassle.
- mccorrinall 5y agoTo be clear: the lobby against such high density buildings is the neighborhood itself.
- ido 5y agoI also live in Germany and pay low rent, but keep in mind this is because the contract isn't new and rent/tenants rights are highly regulated in Germany. If you tried to rent a new apartment in Berlin/Hamburg/Munich/any of the attractive cities with jobs today you'd pay a lot more in rent than you do on an old contract.
- lnsru 5y agoOne must want to live in Soviet apartment complex. I saw them in ex Soviet Union states, I saw them and lived there in Germany. They were in better shape in Germany. But personally I like wealthier neighborhoods with more Germans living there.
- clpm4j 5y agoI think it's all well and good to have discussions about taxation and interest rates, but as a fellow San Franciscan, I can't ignore the fact that I no longer find it unusual to learn that more than a few of my neighbors are making multiple millions of dollars per year. "Normal" jobs, even as a senior software engineer, can't compete with the wealth gap, regardless of the tax rate. I don't pretend to believe that there is a solution to this reality.