2019 Dec 1, 10:02am
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There is no such thing as "housing crisis". Plenty of affordable housing is this country. Can't afford to buy in Atherton? Buy in San Ramon. Can't afford San Ramon - move to Fremont. Or Stockton. Or Atlanta. Or Boise. Can't afford Boise - move to Detroit or Baltimore. Where is the fucking "crisis"? We used to be the country of highly mobile optimistic people. Are we turning into a nation of whiny bitches sitting on their asses and moaning about "crisis this" or "unaffordability that"?
Then came Proposition 13, a ballot initiative that passed in the summer of 1978 to slash property taxes. It has altered the way California has grown. By keeping property taxes low for longtime homeowners, Proposition 13 created clear winners and losers in the California housing market. “There has been a huge shift in the tax burden to young families from older homeowners and owners of businesses,” the Times noted in 1988. Cash-hungry cities opted to zone for commercial uses, which would generate sales taxes, instead of affordable housing. When houses got built, steep “impact fees” drove builders toward more expensive homes, whose buyers could absorb the costs.
Spot on, this is the real reason. Unless CA Proposition 13 mega entitlement Ponzi Scheme revoked, this issue keep continues
When I countered and asked why he feels that it's a human right to live in specific locations, and specifically why they must live in the bay area - one of the worlds most expensive places - his lib circuits fried, and he couldn't support his argument. He ended up getting all angry after he made himself look really stupid by trying to justify it why its "right" to tax the hell out of the higher earning people who worked really hard and spent many years in college so that they can eventually earn a better wage, so that an uneducated burger flipper can afford a house in bay. libtard.
Spot on, this is the real reason. Unless CA Proposition 13 mega entitlement Ponzi Scheme revoked, this issue keep continues.
his lib circuits fried
Prop 13 has nothing to do with the zoning and building code practices that restricts construction of affordable housing. It is just an excuse and a very crappy one, logically.
If Prop 13 mega entitlement Ponzi Scheme is out, prices will be controlled by 1% tax
The only looser are the top of the Ponzi Scheme pyramid recipients who will end up paying 1% tax like most of us.
Section 1. (a) The maximum amount of any ad valorem tax on real property shall not exceed one percent (1%) of the full cash value of such property. The one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties.