this post was submitted on 06 Aug 2023
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I live in Colorado and there's a lot of California hate here. I don't feel this way but I know some is directed at the real estate investors who have been buying up homes and making the Denver housing market even worse. During the pandemic so many people lost out on houses to cash deals so they started working with these shady companies that would front you a cash offer for a % of the sale, then you'd just get a loan.
The thing is that commercial real estate investment corporations are the ones behind most of that. Individual Californians that made enough to retire on elsewhere in this country aren't responsible for the real estate prices increasing across the country. REITs are the issue here. We need to outlaw the ability for corporations to invest in residential property. We then further need rent controls and punitive property and sales taxes to disincentivize hoarding. The idea I would propose is that rent controls are strictly enforced by the IRS, and for each residential property that any individual owns, the sales and property taxes will increase by 10% for each property greater than one. This would make their tax burden, that they are unable to pass on to a potential renter, 110% for their second property, but 200% for their eleventh property.
The rent controls should be easy to implement since the landlords already have a company that uses algorithms to charge the most rent possible, it should be easy to cap rent to 1/4 of the Mode Wage of the area.
Nothing wrong with nativism. If you don't like where you live change it. Don't go somewhere else and try the same shit that made you hate where you were.
Sorry but it’s very uncommon for the people who are making a place into somewhere that the underprivileged hate to be the same people that are moving to other places.
If you’ve got the power to drive up housing prices in the state that you currently live in, you’re not going to be in the group that’s moving across the country to have a shot at being successful.
Of course when people can’t earn enough to be successful in CA and move to CO for a better life, the uncreased housing demand in CO is going to bring prices up a bit. But those people aren’t the ones who made CA so expensive. In fact, they’re actively making it less expensive by leaving the state.
They and their compatriots certainly did vote for the politicians that stopped the police doing any work. That's what I was talking about.
Which CA ballot initiative are you talking about stops the police from doing their work?
Proposition 47.
Are you mixed up? Prop 47 reduces jail time for nonviolent and non serious drug and property crimes.
Seems pretty disingenuous to represent that as preventing the police from doing their jobs. Unless you honestly think cops’ job is to maximize the amount of time that drug addicts spend in jail.
It basically decriminalized theft under $950. The cops are not investigating misdemeanor thefts because it's so rampant. And if they do they catch and release because the DAs don't press charges.
That is false.
Cops aren’t investigating misdemeanor thefts for the same reason that they don’t investigate anything that they’re not forced to. They don’t care.
It’s funny that you blame prop 47 for the fact that cops are refusing to enforce prop 47.