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by 082349872349872 793 days ago
> the people with kids are barely able to rent small apartments, while the 4 bedroom homes are mostly occupied by 1-2 retirees

Not to get all Georgist, but: is Prop 13 still a thing?

1 comments

Yes it still is, but there was a measure that passed to provide some route for retirees to transfer low property taxes to a smaller place. In practice that probably helps to even make the smaller places inaccessible to young families, while the big houses get bought as investments by big firms… and often left to sit vacant. Lots of large vacant houses with mysterious ownership in my neighborhood, some dilapidated, and others kept up by commercial crews.