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That idea ("1 bed room within 1 hour") is simplistic when you consider places like CA that have NIMBY brigades and huge amounts of red-tape making housing needl

That idea ("1 bed room within 1 hour") is simplistic when you consider places like CA that have NIMBY brigades and huge amounts of red-tape making housing needlessly limited driving up prices with bad leadership. Hard to feel super supportive of massive changes to min-wage for places that literally make affordable housing impossible. Growing population + massive regulation + NIMBY = you're gonna have a bad time. Increasing minimum wage without fixing other issues is a ticket to non-solutions.

Spooky23 5y ago
California is subsidized by the people living in their cars. Wage adjustment like that will drive some of the market effects that are suppressed by the inertia that unchanging property taxes creates. Grandma would move out of her 4 bedroom home that costs $300/yr in taxes if she had to pay the gardener $40/hr. Those cost increase tax would reduce property cost. In states where property tax adjusts you can see that dynamic. NYC metro area is cheap compared to California, and the depressed upstate cities feature high taxes and incredibly cheap property.
- wernercd 5y ago
  "Grandma would move out" So gentrification? Get rid of the "undesirables" instead of building more housing... The problem isn't "grandma" (Or, I think that problem is vastly smaller than lack of new building/investment due to hostile regulations). The problem is anti-grow regulations that block what can be built (IE: must match look/feel, can't build high rises, etc)... and anti-grow regulations that demand massive investment in what can be built (IE: requiring water sprinklers in new homes, solar, etc) making new options grossly over-priced. Cars aren't more expensive just because of inflation... they are more and more expensive due to regulations upon regulations such as air bags, abs, etc. Some of which is good... but a lot of which is debatable or outright wasteful. Same for housing. Making grandma move out won't create the massive amount of new housing required for some areas. Those areas need new, affordable housing to be invested in - not getting rid of "undesirables" to raise taxes. "feature high taxes and cheap property" It's not cheap if you're taxed to death to stay there. Artificially low prices due to artificially high taxes aren't a solution any more than over regulation is. And the idea of higher wages won't solve the issue that'll end up being inflation adjusted higher prices to pay higher taxes to pay for higher prices to pay for higher taxes to...

Spooky23 5y ago

California is subsidized by the people living in their cars. Wage adjustment like that will drive some of the market effects that are suppressed by the inertia that unchanging property taxes creates. Grandma would move out of her 4 bedroom home that costs $300/yr in taxes if she had to pay the gardener $40/hr. Those cost increase tax would reduce property cost. In states where property tax adjusts you can see that dynamic. NYC metro area is cheap compared to California, and the depressed upstate cities feature high taxes and incredibly cheap property.

wernercd 5y ago
"Grandma would move out" So gentrification? Get rid of the "undesirables" instead of building more housing... The problem isn't "grandma" (Or, I think that problem is vastly smaller than lack of new building/investment due to hostile regulations). The problem is anti-grow regulations that block what can be built (IE: must match look/feel, can't build high rises, etc)... and anti-grow regulations that demand massive investment in what can be built (IE: requiring water sprinklers in new homes, solar, etc) making new options grossly over-priced. Cars aren't more expensive just because of inflation... they are more and more expensive due to regulations upon regulations such as air bags, abs, etc. Some of which is good... but a lot of which is debatable or outright wasteful. Same for housing. Making grandma move out won't create the massive amount of new housing required for some areas. Those areas need new, affordable housing to be invested in - not getting rid of "undesirables" to raise taxes. "feature high taxes and cheap property" It's not cheap if you're taxed to death to stay there. Artificially low prices due to artificially high taxes aren't a solution any more than over regulation is. And the idea of higher wages won't solve the issue that'll end up being inflation adjusted higher prices to pay higher taxes to pay for higher prices to pay for higher taxes to...