4 ms·
Existing homeowners want their assets pumped. As far as they are concerned, this is a feature, not a bug. Things get interesting when owners become a minority
by jjoonathan 3y ago
Existing homeowners want their assets pumped. As far as they are concerned, this is a feature, not a bug.
Things get interesting when owners become a minority of the electorate.
- whimsicalism 3y agoMaybe we'll finally be able to repeal ridiculous laws like prop 13.
- egberts1 3y agoNope. Prop 13 is a godsend for senior citizens in California.
- whimsicalism 3y agoAnd one of the largest proximate causes of a housing disaster for young people in California - taking from the poorest generations in the state to give to the wealthiest and interfering with the effective operation of housing markets in the process.
- candiodari 3y agoA total inability to sell is not a feature to them, though.