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A comment on Why Haven't Voters Been Buying the Case for Increasing Housing Supply?. Parent comment

Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by newnewpdro on Saturday March 23, 2019 @11:01PM (#19473932)
You're drawing a disproportionately weighted link between high property values and the low taxes of past property owners, it's just not there.

This is a problem in the especially desirable pockets of California, and people don't want to give up a good thing once they've got it, especially when it's increasingly scarce due to the low rates of residential development.

You wouldn't have fixed the housing shortage by raising taxes, you'd just have accelerated the concentration of wealth displacing people who luckily got to live out their lives in a place they could no longer really afford to compete in.

It would still be exorbitantly expensive IMHO.

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Re:Why Haven't Voters Been Buying the Case for Increasing Ho... by lostapathy on Saturday March 23, 2019 @11:20PM (#19474022)
It would be expensive but the tax burden would be fair if based on your property value. Now it’s more based on how long you’ve owned it, which is just the people who got there first stealing from those who happened to come later. Whatever happened to equal opportunity?
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