ktothemc
Joined 15 years ago
Joined 15 years ago
1) Zoning happens at the national level in Japan, not the local level so there are no, or at least very weak political mechanisms for neighbors to block projects.
2) There is no Proposition 13, which caps property tax levels for incumbent homeowners. What this means is that transit providers can pay for infrastructure needs through increases in land value created by better connections to transportation. California can't do this because if it improves infrastructure or experiences an economic boom, the incumbent property owners basically get to appropriate all the increases in land value.
It was a great, interesting, trippy twenty to thirty-year period, but it doesn't exist anymore and its loss in the Bay Area was probably accelerated in part because California has such an unusually politicized and unpredictable land-use and development process that has led it to consistently underproduce housing for the last 40 years.
http://www.lao.ca.gov/reports/2015/finance/housing-costs/hou...
The "young Gods" you speak of tend to have higher incomes not just because of the tech industry. They have higher costs because the elder babyboomer Californians rigged and created a system that is so constricted that only the wealthiest millennials can afford to participate in it.
Look at the differences in housing cost burdens based on year of birth here: http://www.lao.ca.gov/LAOEconTax/Article/Detail/120
- TypeScript web code - Using React - Connecting to a custom, to-be-opensourced reactive datastore written in Scala called LunaDb: https://blog.asana.com/2015/05/the-evolution-of-asanas-luna-... - Using to Amazon RDS (hosted MySQL) and Redis as our primary backing stores - Running on top of kubernetes, docker, AWS