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California has an affordability crisis. The fix may be politically uncomfortable. (news.berkeley.edu)
submitted 2 days ago by to c/california@lemmy.world
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[–] 3 points 1 day ago

Can’t build your way out of this problem. All rental and vacation properties need to be taxed equal to the market rent or 1/30th the property value annually. Suddenly there will be many properties for sale, and prices can drop.

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