Home Values Are Rising by $800 a Day in San Jose

Re:Home Values Are Rising by $800 a Day in San Jose by scythe on Monday April 09, 2018 @11:04PM (#16798709)

>There's no signs of progress to increase inventory

SB 827? That's what's kept me from buying. The fact that housing in the Bay is political scares me off. I'll bet on economics every day, but not on politics.

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Re:Home Values Are Rising by $800 a Day in San Jose by mbesto on Monday April 09, 2018 @11:52PM (#16798871)

SB827 passing will only begin to tickle the situation. It's a good start, but nowhere near what needs to be done. NIMBY'ism is part regulation, part culture. I don't see the culture part going away anytime soon.

Out of curiosity - is there anywhere in the US in history where housing that had the highest value in the country was affected massively (negatively) by regulation?

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Re:Home Values Are Rising by $800 a Day in San Jose by nugget on Tuesday April 10, 2018 @12:24PM (#16802563)

Wait and see what happens as a result of SALT deduction reform. Property taxes in the most expensive zip codes just became twice as expensive for many people. California may be less effected due to proposition 13 but places like Texas and New Jersey could be hit hard. I'm guessing we'll start to see the impact (whatever it is) in early 2019 when 2018 tax returns are due.

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