A lot of poor families in the Bay Area have their house as their only asset. Take a drive through the Mission district for example and see how a lot of these pe

A lot of poor families in the Bay Area have their house as their only asset. Take a drive through the Mission district for example and see how a lot of these people live; you’ll see a luxury house next to a house that was last maintained in the 80’s. Many of these families do want to sell their places at market price. However, with a land tax they would be forced to sell under market if they cannot afford the tax.