yonran

22 ms·

181.
by yonran 6y ago
For Proposition 19, if the house is in a trust that the beneficiaries can “share and share alike”, then the trustee can give the house to one sibling (the one who will live in the property) and give cash to the other siblings to avoid reass
182.
by yonran 6y ago
> Funny that there's not a single mention in the article about natives and long-time locals who have constantly voted against new construction or any progressive housing measure, which is the root cause of the crisis to begin with N
183.
by yonran 6y ago
The problem with San Francisco’s “value capture” ideas as seen on 48hills.org is that they often want to capture the value of the choice that has positive externalities (e.g. riding a bus down highway 101, or building housing) while not cap
184.
by yonran 6y ago
> High land appreciation taxes are essentially indistinguishable from Georgist LVT A capital gains tax is not “essentially indistinguishable” from a land value tax if rents rise and the owner never sells the property. The owner gets to c
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by yonran 6y ago
State law prohibits local governments from using progressive income taxes < https://leginfo.legislature.ca.gov/faces/codes_displaySectio... .>. San Francisco therefore uses a combination of gross receipts taxes (wh
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by yonran 6y ago
> Why should your property taxes go up just because the market around you skyrockets, when this is completely outside of your control? The fallacy of the argument for tax breaks to homeowners is that the problem of rising prices is entir
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by yonran 6y ago
Property taxes are a consumption tax on the property that you occupy. Even better, the land portion of the property tax can also be considered a Pigovian tax because it is a tax on the natural resources that you are depriving others of oc
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by yonran 6y ago
As of sometime in 2020, the old CORS spec ( https://www.w3.org/TR/cors/ ) now redirects to the WhatWG Fetch Spec ( https://fetch.spec.whatwg.org/ ) which I think is unfortunate because the old CORS sp
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by yonran 6y ago
A lot of people have condemned Uber and Lyft for violating the new law, but I’m wondering whether there is any correct way to apply the law. Does anyone know how AB5 has affected taxi drivers (who typically cannot set their rates), particul
190.
by yonran 6y ago
The housing supply has been very inelastic in the Bay Area. And every business and individual who wants to be here starts out life short on housing. So I would group his approaches to staying in the Bay Area into three main categories: #1,
191.
by yonran 6y ago
The broken embedded video that he says he had the idea for has been moved here: “Judge Rules White Girl Will Be Tried As Black Adult” https://www.theonion.com/judge-rules-white-girl-will-be-trie...
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by yonran 6y ago
As someone who receives new subscriptions daily from people around the world mistyping their email address (or intentionally entering an address they don’t own), I ask that you please DON’T remove the step of verifying people’s email addres
193.
by yonran 7y ago
Avalos is running for the same office that he held 12 to 4 years ago. In San Francisco, BoS members are termed out after 8 consecutive years but can come back after waiting a term.
194.
by yonran 7y ago
This November a supervisor will lose re-election, since both the current incumbent Ahsha Safaí (who supported SB 50 as well as housing developments in his district) and the previously termed-out John Avalos (who opposed SB 50) are running f
195.
by yonran 7y ago
Not quite all of the BoS. Of the 4 misleading resolutions that the SF BoS passed to oppose SB 827 and SB 50 ( https://sfbos.org/sites/default/files/r0084-18.pdf https://sfbos.org/sites/def
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by yonran 7y ago
By “principled,” I mean that the RHNA sends the signal from the state government to the local governments of the state interest (regional quantity of housing to promote housing affordability and availability), while preserving local control
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by yonran 7y ago
California has a more principled approach to housing capacity planning called RHNA, in which the state sets a zoning budget (like that proposed by David Schleicher https://digitalcommons.law.yale.edu/fss_papers/4955&#x2
198.
by yonran 7y ago
Yes, there are several details that I did not mention (Proposition 8 reductions, appraisal of improvements, base year value transfers, etc.) > The actual rate of inflation is not a factor. Incorrect. The change in base year value is less
199.
by yonran 7y ago
The property tax bill is calculated as rate × assessed value. In almost every other state, the assessed value is directly proportional to the current fair market value, but in California, Proposition 13 lowered the legal tax rate and also c
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by yonran 7y ago
This series of articles raises good questions, but for a series on how homeownership is the “biggest economic policy mistake,” I wish they would have spent more time on taxation. Adjusting the property tax (or equivalently rent and imputed
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by yonran 7y ago
John Cochrane makes some very good points on measurement errors by Saez and Zucman and how much of what they're measuring is actually reduced interest rates. I wish that progressives used a similar framework that they did 100 years ago
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by yonran 7y ago
> How to solve the housing crisis: get the government out. It’s not just government; private contracts often prohibit homeowners from serving more residents. In Zoning Rules! ( https://www.amazon.com/Zoning-Rules-Economi
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by yonran 7y ago
> Though I’d also like to point out that whether the policies are liberal or not is not very important to me, they are just natural reactions people will have… Maybe it is fair. Maybe it isn’t In my opinion, a liberal society with progre
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by yonran 7y ago
> I was thinking on the way home that maybe you lock property taxes in but then you have to lock your home price as well, but that probably wouldn’t work. I think this might be an interesting improvement on Proposition 13: you can choose
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by yonran 7y ago
> Further, I’m not sure what I’m supposed to do if my home value doubles just because of natural reasons… On an individual level there isn’t too much I can do.… Maybe I sell my home to a developer who turns it into a mall or a 5 story ap
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by yonran 7y ago
> You’ll have to summarize any key points from the book, since I don’t own a copy. The first few chapters of Rethinking the Economics of Land and Housing describe the distinction between competitive capital (whose price signals the eco
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by yonran 7y ago
Like all progressive taxation, the property tax is not solely a fee for government benefits received by the taxpayer. The property tax is a tool to reduce inequality— especially when it is applied to gains in land value. If we did not have
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by yonran 7y ago
> The counter argument is: If a widowed elderly woman… Proposition 13 does not target widowed elderly women; it only benefits property owners regardless of whether they are widowed elderly women. For example, widowed elderly renters ar
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by yonran 7y ago
> Getting rid of Prop 13 and raising taxes to tech market rate is the equivalent of deporting someone from their home. The correct solution to address both the problem of growing property taxes (due to growing land values) and the housin
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by yonran 7y ago
Proposition 13 was advertised to protect the poor and elderly citizens, but its design does not target them. In particular, it benefits those who don’t need help: commercial landlords, rental landlords, and (after Proposition 58/193) f

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