4 ms·
I’m not the poster you replied to, but for starters, the problem is not that we don’t have enough money. The whole article is about how CA spent $17B and got so
by gretch 3y ago
I’m not the poster you replied to, but for starters, the problem is not that we don’t have enough money. The whole article is about how CA spent $17B and got so little for it.
So how is having even more state money via LVT going to do anything? We’re just funneling this money into whatever black hole it’s going into
- rcpt 3y agoProp 13 distorts incentives. It's why we have private country clubs in the middle of Los Angeles, dilapidated shacks on Google's global HQ, and surface parking lots in San Francisco proper. It's also why California has the highest impact fees in the nation by a wide margin. We should end Prop 13 and make it budget neutral by ending our other taxes. But even if we repealed Prop 13 and then set the money on fire it'd be a win for housing.