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Cicada

(4,533 posts)

2. Property owners benefit from reduced competition

Reply to Yavin4 (Original post)

Wed Nov 20, 2019, 11:13 AM

Nov 2019

Also, my city here in California gets relatively little revenue from its share of property tax. Property tax in CA is limited to one percent of value and can increase at most 2% per year. City costs for police, schools etc mean housing is a money loser. We profit from retail establishments which collect sales tax. The Taco Bell is desirable, the proposed 1000 unit housing project is not.

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My humble solution to the massive housing crisis in some large American cities [View all] Yavin4 Nov 2019 OP

CA is a complex issue Johnny2X2X Nov 2019 #1

Okay. So, CA is out. Let's build a new city in another state. Yavin4 Nov 2019 #3

Property owners benefit from reduced competition Cicada Nov 2019 #2

It's being tried in Minneapolis and people are *not* happy. The Velveteen Ocelot Nov 2019 #4

Sounds more like a lack of planning than a bad idea in general. Yavin4 Nov 2019 #6

It's almost impossible to take an existing city and remake it from scratch. The Velveteen Ocelot Nov 2019 #9

And it's the same problem in CA SoCalNative Nov 2019 #10

Supply and demand $ procon Nov 2019 #5

When I posted "make more cities like LA, SF, NY, etc.", these new cities do not have to be in CA or Yavin4 Nov 2019 #7

Building an entire city from the ground up? procon Nov 2019 #11

Los Angeles is the worst possible urban model. MineralMan Nov 2019 #8