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They're not afraid of taxes, they're afraid of rents. Locking property tax rates is exactly what California does and it only makes housing supply worse by givi
by YokoZar 12y ago
They're not afraid of taxes, they're afraid of rents. Locking property tax rates is exactly what California does and it only makes housing supply worse by giving a very strong incentive for incumbents not to leave.
- ChrisNorstrom 12y agoI stand corrected. What's a realistic solution then? Acceptance that times change, cities change and nothing is permanent and any attempt to create permanency almost always comes with some kind of consequence?
- seanflyon 12y agoYes. Times change, communities change and if a middle class area or even a slum becomes a wealthy neighborhood that's not such a bad thing.