Re:San Francisco's zoning makes it illegal to build apartmen...
by jldugger on Thursday July 19, 2018 @03:51PM
(#17569678)
This is a bit of a self-fulfilling prophesy. When you protect fixed income / elderly via rent control and prop 13 (aka rent control for home owners), you reduce the incentive to trade and build housing. Which means price go up, and now you really need those or the people you purported to protect will be destroyed by a Sword of Damocles of your own construction.
> And if the taxes on my place had kept up "with inflation" in local home prices, I'd have to sell.
The alternative framing of the issue yields less sympathy: "My home is worth so much now that I had to pay the new occupant tax rate, I'd be forced to sell it for an absurd amount of money."
Theoretically, if it came to the point where folks consider leaving town, they'd at least vote for pro-build politicians to alleviate rents / home appreciation.
Of course, as a high income renter, I obviously prefer a 'build your way out.' And as a new construction apartment unit occupant, it's not myself I'm volunteering to evict to upzone.
> And if the taxes on my place had kept up "with inflation" in local home prices, I'd have to sell.
The alternative framing of the issue yields less sympathy: "My home is worth so much now that I had to pay the new occupant tax rate, I'd be forced to sell it for an absurd amount of money."
Theoretically, if it came to the point where folks consider leaving town, they'd at least vote for pro-build politicians to alleviate rents / home appreciation.
Of course, as a high income renter, I obviously prefer a 'build your way out.' And as a new construction apartment unit occupant, it's not myself I'm volunteering to evict to upzone.