Lroy@lemmy.world to California@lemmy.world · 2 days agoCalifornia has an affordability crisis. The fix may be politically uncomfortable.news.berkeley.eduexternal-linkmessage-square12fedilinkarrow-up124
arrow-up124external-linkCalifornia has an affordability crisis. The fix may be politically uncomfortable.news.berkeley.eduLroy@lemmy.world to California@lemmy.world · 2 days agomessage-square12fedilink
minus-squareantlion@lemmy.dbzer0.comlinkfedilinkarrow-up4·1 day agoCan’t build your way out of this problem. All rental and vacation properties need to be taxed equal to the market rent or 1/30th the property value annually. Suddenly there will be many properties for sale, and prices can drop.
Can’t build your way out of this problem. All rental and vacation properties need to be taxed equal to the market rent or 1/30th the property value annually. Suddenly there will be many properties for sale, and prices can drop.