The problem is when you cap gains at 1-2%, any time inflation is higher, that person is now getting a subsidy.
This is why CA has enormous debt and swaths of areas that have gone bankrupt. It's not sustainable.
Get rid of Prop 13 (or raise the limit) and rent control. I'd say cap it at 5% because if inflation is higher than that, well that's on the Federal Government more than local.
SF isn't making more land and they're also making it impossible to build up. Hell, my buddy looked into adding a deck onto his house. After doing research he figured it wasn't worth it (some people face years of delays getting neighbors to sign off on a deck on their own f'ing property).
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The problem is when you cap gains at 1-2%, any time inflation is higher, that person is now getting a subsidy.
This is why CA has enormous debt and swaths of areas that have gone bankrupt. It's not sustainable.
Get rid of Prop 13 (or raise the limit) and rent control. I'd say cap it at 5% because if inflation is higher than that, well that's on the Federal Government more than local.
SF isn't making more land and they're also making it impossible to build up. Hell, my buddy looked into adding a deck onto his house. After doing research he figured it wasn't worth it (some people face years of delays getting neighbors to sign off on a deck on their own f'ing property).