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by tzs 2055 days ago
The cost to the city/county to provide those local services does not depend on the current market value of my house or my neighbor's houses.

What the service costs depend on is how many houses are in an area, or how many people are in an area.

2 comments

The value of the house didn't go up because the owner did anything. So why should the homeowner reap such a massive reward? And now that they've won the lottery the rest of us have to subsidize their taxes! It heavily incentivizes people to vote in favor of a housing shortage.

It's gotten so bad in SF that high housing prices actually are driving up the cost of services. Every worker from barista to bus driver has to be payed enough to afford living here or to commute in.

Lot of government services have a large labor component. The cost of labor is very strongly influenced by cost of rent. Rents increase along with property prices.