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by jelliclesfarm
2333 days ago
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It’s not artificial limits. Including special taxes, it averages out to 1.25. It’s on par with other places. What happened was that housing and economy skyrocketed within a very short period of time. Foreigners are allowed to invest in the housing market for speculative purposes. The extra tax income is used to fund public schools. More immigration and younger people having kids. And overall death rate slowing down. And that means publicl employees pension funds. Looking up unfunded pension liabilities is a good idea. Also..why should everyone feel like owning a home is a right? You can always rent. In fact, it’s a better economic decision because renters take advantage of best school districts within dealing with the hassle of home ownership. People buy property as an investment that is like an speculative asset these days. Homes should be a dwelling. There will always be those who have appreciating assets and those who will inherit. Punitively punishing them with taxes is just irresponsible and will create more instability. At the end of the day, most of this is noise. CA is better than most places in the USA..America is better than most places in the world. The govt needs to stop manufacturing dissent and focus on what they need to do and aren’t doing..public transportation would alleviate housing issues. Universal healthcare will help people live their lives and remove the pressure of working for insurance. How many people in their 50s and 60s would rather not work and just retire but continue because they need to pay for insurance. If they are going to work in the Bay Area, why not live in a home they had bought decades ago? But it doesn’t matter..with automation and AI, jobs are going to dwindle anyways. It’s best not to create Uber dense cities as they will not be needed when people experience unemployment. We should look towards some kind of universal basic necessities/services and health care rather than building more and imagining that jobs will
last forever. That’s just not going to happen. Period. |
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That’s very subjective. For example America ranks 143 out of 230 countries by murder rate. Economically, it’s better than average, but as a place to live it’s got serious issues.