🧵Here’s a few facts I can’t stop thinking about after our hearing yesterday:
The ballot summary tells voters the homestead exemption is $250,000.
But that’s only true for one year…2028.
It’s $150,000 in 2027. Starting in 2029, it becomes $250,000 plus inflation forever.
So the one number voters are given is the one number that’s almost never true. Meanwhile, local governments must absorb ever-growing recurring revenue losses while inflation is also increasing their costs….of coarse that’s not disclosed in the summary and you have to ponder the amendment language to figure that out.
There still seems to be demand to backfill empty restaurant spaces, but I worry that most restaurants are not mature enough to survive a downturn. Central Ave feels more unstable given the average age of businesses today versus in the past -- if that makes sense.
@ChrisFromKS@JeffPassan A salary cap itself means the market doesn’t determine what a player’s salary is. There is an artificial cap on what the market can actually spend on labor, so true market value is not realized.
In Florida, counties are preparing for the elimination of property tax
Hillsborough County is going to make up the revenue by charging you money when you take your kid to the park and increasing fuel taxes while boomers occupying all the housing stock will laugh
I remember Aldi opening in Bentonville, AR. Walmart's capital city.
Milk at our Walmart neighborhood grocery became absurdly cheap for months while they tried to strangle Aldi.
I was working as at a Walmart supplier, and a coworker of mine mentioned that when he was at Walmart, he was sent to investigate an Aldi to do price research. He was so blown away by the better prices he started only shipping there.
Aldi is a fascinating business in a super cutthroat industry.
You start digging through World Cup stories and realise how fluid borders and nationality can be.
We're all just people, trying to do the best for the children who come after us.
USA. A Mexican restaurant. We had not yet ordered anything, and the food was already arriving.
Chips. Salsa. Unrequested. Free.
I stopped the waiter. "We have not earned these."
"They just come with the table, man."
They come with the TABLE. In my land, hospitality is a debt. Every gift creates an obligation, weighed carefully, returned in the proper season with interest of feeling. Here, the gift arrives before you have even proven you can pay for dinner.
This is not an appetizer. This is a declaration: we trust you. Eat.
I ate with the gravity the moment deserved. And then — I must report this calmly — the basket emptied, and a new one appeared.
"Did we…?"
"Refill," the waiter said. "It's bottomless."
Bottomless. They have wells of salsa. The supply lines of this nation are beyond anything my ancestors imagined.
My friend warned me. "Don't fill up on chips, dude."
Too late. I had accepted three baskets. Honor demanded each one be finished — an unfinished gift is an insult. By the time my actual food arrived, I was a ruined man.
I was not hungry. I was not comfortable. I had been defeated by a courtesy.
Generosity that arrives before the request cannot be repaid. It can only be survived.
I know the rule now. I have made my peace with the basket. One basket. Two at the most.
Who am I deceiving. There is no number of baskets I would refuse. The trust of a nation is in that salsa, and I intend to honor all of it.
Outright bans on non-residential parking are the wrong solution. The city should price parking to match demand in each neighborhood. Residents could get discounted rates. That’s how much of downtown works with the resident parking program.
https://t.co/8uGr989EBk
Question:
Did we just trigger an affordable housing extinction event?
Under this proposal, a city or county could approve hundreds of starter homes, extend roads, add parks, increase sheriff patrols, expand fire coverage, and serve new residents…
…while receiving little or no additional property tax revenue from the first $250,000 of value.
Why would they do that?
Local governments respond to incentives just like everyone else.
If starter homes create costs but generate little revenue, what gets approved instead?
Higher-priced homes.
Commercial development.
Anything that helps pay the bills.
The danger isn’t that local officials suddenly become anti-affordable housing.
The danger is that we create a system where approving affordable housing becomes fiscally irrational.
Affordable housing doesn’t disappear because politicians vote against it.
It disappears because the math no longer works.
And when the math stops working, so do the building permits.