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California is chasing wealth that has feet

293 points · 870 comments · idbnstra

  1. cucumber3732842 · · focus · HN ↗
    >. The land value tax can’t be dodged by leaving nor can it be passed on to renters

    ROFL what? I'd bet the author a lot of money that costs WILL roll downhill, the source matters not.

    1. skybrian · · focus · HN ↗
      I think the idea is that if the market demand is such that it allows them to raise rents, they'd already have done it, whether or not expenses justify it.
      1. bhelkey · · focus · HN ↗
        Did tariffs raise prices? Or did prices stay the same because "if the market demand is such that it allows them to raise [prices], they'd already have done it"?
        1. skybrian · · focus · HN ↗
          [delayed]
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