Re:Does Adding Expensive Housing Help the Little Guy?
by koolba on Thursday September 28, 2017 @08:58PM
(#15362007)
The Bay Area will never solve this on their own. The only solution is to repeal the cap on property taxes at the state level to force current owners to pay based on assessed value. And that's one hard sell.
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Re:Does Adding Expensive Housing Help the Little Guy?
by bufordsharkley on Thursday September 28, 2017 @09:32PM
(#15362114)
Repealing Prop 13 is a transitional measure to a full land value tax, collecting all rents on the unimproved value of land. Then you've really got it solved.