cawacko
Well-known member
This story occurred in California but it’s in no way unique to California. And yes the government sets the rules but they’re doing the bidding of the people. Voters elect people who will “protect their neighborhood” (I.e. prevent new development)Appreciation of real estate is one thing, forced scarcity is another. In California, the shortage of housing can be traced largely, not entirely but largely, the lion's share, to one source: Government. That artificially skews the market and drives housing prices up. Because of that, something like Prop 13 is only fair. The government caused your house to appreciate far more through scarcity it created than the market would otherwise see and then the government wants to profit--tax--off of what they created.
That's fine.
The city / government created the problem. The People reacted and took away the ability of the government to unfairly tax them. That's the government's doing, not the People's.
Notice in that photo there's a lot more women than men, and even sillier, some are wearing masks. Just a bunch of BANANAs.
I’ve worked on developments in multiple areas and different states and it’s the same everywhere, people complain about more traffic and changes in neighborhood character. And it’s offer Boomers who are saying they have lived there 30 (often plus) years and don’t want to see things change.
That’s what drives this.
