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by zeroCalories
1001 days ago
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I agree that no one is entitled to a home, but it also feels a little odd that people will turn around and feel entitled to an increasing property value and neighborhood character. The market giveth and the market taketh, except when it wants to take from me, right? Then suddenly democracy and taking care of the community is important. |
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Commissioned studies, and the worst case of those showed year-over-year appreciation decreasing, from 12% to 9.5% per year.
To be clear, people's property values were still going to be increasing nearly 10% a year, if fully implemented, and "worst case", but holy hell.
You'd think the city was talking about taking people's grandmothers into the street and executing them, the screeching was so fierce about "protecting my investment".
Never knew there was a constitutional right to double digit "returns" on property ownership, but to these people, apparently there is.