Getting to do this lecture -- which sought to provide a structural explanation for why urban public services in America struggle despite the high productivity of our private sector -- was such a thrill! https://t.co/ts9BHMgv74
A short thread on property taxes here in Florida.
In 1995, the median home in St Pete was $100,000 and the total millage rate was 24.5 mills. After deducting the then-$25k homestead exemption, your assessment would be $75,000 and you'd pay $1,837.50 in property tax on that home
@ProfSchleich@mattyglesias construction in general, it's important that it's relatively easy to build housing, offices, warehouses, hotels and factories alike. Only energy and large infrastructure permitting sometimes struggles
In my experience, a lot of elected officials who get the case for YIMBYism theoretically still worry that it’s bad politics.
I hope everyone takes note that @Scott_Wiener, probably the single best-known YIMBY champion around, just won his race handily.
@mattyglesias The column is great, but nothing on Poland’s genuinely permissive housing policy, a pillar of its success? Seems off brand (or a topic for a follow up!)!!
Why does government so often struggle to accomplish big things? And what can we do about it?
A new working group at Yale aims to answer these questions.
Yale Law School’s @ZLiscow and @ProfSchleich lead the group, along with Yale’s Josh Kalla.
https://t.co/vSHNVdHMtG
This proposal in Florida is a really big deal, basically the end of residential single-family owner-occupied property taxes, punishing renters and commercial property owners, while also reducing sales of houses https://t.co/QHLpikv4oK
@mollyxbrady@GOVERNING@TB_Times@arpitrage Only if you're very lucky. More likely, it's going to be someone telling you about how great folk music was in the 1960s....
This proposal in Florida is a really big deal, basically the end of residential single-family owner-occupied property taxes, punishing renters and commercial property owners, while also reducing sales of houses https://t.co/QHLpikv4oK
@GOVERNING@TB_Times Also, as @arpitrage says, property taxes encourage capital-constrained younger buyers (by depressing purchase prices but requiring a string of payments, like a mortgage). The proposal would thus both directly reduce sales and privilege older buyers
@GOVERNING@TB_Times Would break apart houses and apartments. Owner-occupied houses would not produce much or any revenue. Apartments would produce a lot more per capita revenue than any house. Jurisdictions would likely respond by allowing more apartments to built even as demand for them falls