@FCNightingale This also translates into Seattle’s multifamily decline where rents are down to 2019 levels, 10 month concessions, and increased vacancy. All while the city continues to increase property taxes which further decreases values. Converting these office buildings is a pipe dream.
@ChuongIsHere And they were taxed at 13.3% for years on their income and then have to pay the same 13.3% on capital gains. Both the highest in the country and you are complaining about Prop 13…