Initial Thoughts BAE Urban Economics' Analysis of Measure ULA
The analysis has serious flaws, and advocates are drawing sweeping conclusions from narrow findings.
9 posts.
The analysis has serious flaws, and advocates are drawing sweeping conclusions from narrow findings.
The costs of Prop 15 will be borne by commercial and industrial property owners, not businesses. It won’t discourage residential development and doesn’t apply to residential properties, including multifamily projects. And it makes future reform more likely, not less.
The biggest beneficiaries of Proposition 13 would pay higher transfer taxes when they sold their homes.
A cheat-sheet voting guide for 17 California ballot initiatives, and several more in Los Angeles County, the City of LA, and Santa Monica.
When you get a raise, a lot of that new income is taxed away. When your home doubles in value, you can pretty much keep it all.
In this country we waste upwards of $200 billion a year on subsidies for wealthy people to buy bigger houses and for drivers to destroy our cities and pollute our environment. Are these really the incentives we want to be providing?
The mortgage interest tax deduction is a giveaway to wealthy households to help them buy bigger housing, and provides almost no benefit to lower and middle income households. We should stop worrying about tinkering around the edges and abolish it altogether.