4 ms·
Because all infrastructure in California is crumbling with a population in decline (currently at 2015/16 levels) with the prop 13 landed class parasitically suc
by anonporridge 3y ago
Because all infrastructure in California is crumbling with a population in decline (currently at 2015/16 levels) with the prop 13 landed class parasitically sucking the productive class dry with increasingly burdensome rents, taxes, and cost of living?
- alephnerd 3y ago> Because all infrastructure in California is crumbling If you think CA infra is trash, wait till you visit the East Coast. There is so much infra construction across California with highway expansions, rail expansions, etc. Anyhow, it's Electrify America's chargers that are the ones that are broken due to VW's incompetence in the EV space.
- lxm 3y agoMaybe a biased source but California homeowners tend to be in the middle when you rank areas by the length of homeownership, median length being 13 years https://www.nar.realtor/blogs/economists-outlook/how-long-do-homeowners-stay-in-their-homes https://www.nar.realtor/blogs/economists-outlook/how-long-do... Any sale would reset the assessed value of the property.
- anonporridge 3y agoThis is a case where average might be more useful the median. If the richest real estate owners (top 1% own 13% of all US real estate) have a longer average ownership period, then that will have a disproportionate effect on the local market, because they own so much of it.