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by mywittyname 2837 days ago
Let's say you paid $1,000,000 for a home that would fetch $200,000 in most other parts of the country.

What would you do if someone proposed a law that you figured would half the value of your home? Eat the loss or oppose the law?

Property owners in CA are being rational. They don't like the poop, commutes and homelessness. But they aren't willing to take a half-million dollar bath on their real-estate investment.

1 comments

Sure, but my question was why they control the vote.
If you have $1M for an apartment, you have $1k for a political contribution.

If you can barely afford your $2k rent, you don’t.