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The Bay Area’s tech boom in historical and social context

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Re: The Bay Area’s tech boom in historical and social context

#131
post #12

The principal issue, full stop, in the Bay Area and most of California is housing. There are two solutions to this: 1) Build more. But this is outrageously difficult due to a well-meaning political view of safety / fairness / etc. These restrictions employ an awful lot of bureaucrats for enforcement but add $10s of thousands in fees and delays for builders, that are IRR driven and would rather concentrate their effor…

Ending Prop 13 would eventually result in 20% of the state's homeowners being forced to sell and become renters. The US is full of affordable housing in places that are not (despite what you might think) utter cultural wastelands. Do not wait for Prop 13 to be repealed, you will be in your grave before that happens.

>The US is full of affordable housing in places that are not (despite what you might think) utter cultural wastelands.

Have you considered that some people might be attached to locations in the urban core for pretty much the same reasons you're attached to those non-wastelands in Middle America? For instance, family history, or workplaces that don't do remote work.

Re: The Bay Area’s tech boom in historical and social context

#132
post #120
post #87

Earlier quoted context omitted.

You're reacting to the word impoverished. You have "extracted 50 cents from them," is that better? I'll change it. Don't get distracted. Edit: Also, there's short-term and long-term enrichment. The widget I sell might be a capital good that earns an income for its buyer, or it might just as easily be something that only depreciates or even destroys other wealth. Whereas the money I've collected can reliably be made t…

I'm not distracted, you simply don't understand basic economics.

[deleted]

Re: The Bay Area’s tech boom in historical and social context

#133
post #20

Earlier quoted context omitted.

California doesn't seem very interested in starving the beast overall. So it seems unlikely the motivation of this prop was that.

Prop 13 passed when California was a red state: http://www.latimes.com/projects/la-pol-ca-california-voting-...

And the prevailing reason for that prop (and the reason it passed) was to keep from pricing the elderly out of their homes. Not "starving the beast".
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