Ya except that all multifamily housing in CA is now rentals (condos are essentially impossible to finance or build in CA for an unrelated set of stupid reasons) which will never get reassessed bsky.app/profile/gree... - ThreadSky

mtsw.bsky.social • 16 days ago

Ya except that all multifamily housing in CA is now rentals (condos are essentially impossible to finance or build in CA for an unrelated set of stupid reasons) which will never get reassessed https://bsky.app/profile/greene.haus/post/3lp6ovrpphs22

Reposted from Greg Greene (he/him/his)

… but to the extent such housing draws new residents whose assessments lock in at present-day value, the result still improves the fiscal situation versus the status quo.

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mateosfo.bsky.social•15 days ago

plenty of condos being built, and apartments get bought and sold all the time. Your point is only true in cities with lots of older buildings under rent control, and only because the rent rolls are substantially below operating expenses, so they don't sell.

stopburningthings.bsky.social•16 days ago

It seems to me that all new multifamily going up is condos. Renters are just plain out of luck.

urbfuturistdem.bsky.social•15 days ago

It is the opposite: less then 10% of new multifamily construction is for sale as opposed to for rent

https://www.urban.org/urban-wire/housing-market-needs-more-condos-why-are-so-few-being-built

urbfuturistdem.bsky.social•15 days ago

than

railroadofsin.bsky.social•16 days ago

I bought a house with my mom in 2003. We lost it in 2011 after we both lost our jobs.

Moved out of the bay area and now rent a massive house in the valley for the same as a 1br at our old apartment we moved to.
It's insane.

mtsw.bsky.social•16 days ago

I think they genuinely wouldve blown the lid off the whole thing and finally gotten the city charter revoked if only TRUE DETECTIVE SEASON TWO had been less confusing https://bsky.app/profile/jimmyjazz1968.bsky.social/post/3lp6p2opddc2t

kirklonguski.bsky.social•16 days ago

Man I was so ready for Season Two, what the hell was that about. Season one felt so sludgy and evil and season two just felt like Spencer's gifts

zenosanalytic.bsky.social•16 days ago

my guess: the writer was probably working on the script to season 1 for years since it was also the pitch for the whole series, but he only had the time from renewal to start of the next season(less than a year) to work on the script for s2. Common problem in TV.

weel.bsky.social•14 days ago

This is why CA cities should do development on city owned land leased out to the developers. If BART can do it, surely so can cities.

acinixys.bsky.social•16 days ago

Crazy that the so called greated powers in the world (USA/Canada and EU) are so useless at fixing the housing crisis

I'm living on the ass end of Africa and they are building dense, compact multi family housing complexes EVERYWHERE.

If the so called 3rd world can do it, everyone can

celticdragon1.bsky.social•16 days ago

Needs moar dingbat apartments

frenchdipset.bsky.social•16 days ago

Do you have a link on the stupid reasons why condos are so impossible in CA? I have been wondering why virtually all the condos in downtown Sac are either decades old or located in hotels for a little bit, feels like you might have the answer

thisisbenphelps.bsky.social•16 days ago

Apartment buildings do in fact sell

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