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Old August 21st 17, 03:53 PM posted to rec.bicycles.tech
Joerg[_2_]
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Default Stress Analysis in the Design of Bicycle Infrastructure

On 2017-08-20 17:11, sms wrote:
On 8/20/2017 7:26 AM, Joerg wrote:
On 2017-08-19 20:47, sms wrote:
On 8/19/2017 7:37 AM, Joerg wrote:
On 2017-08-18 19:17, sms wrote:

[...]


The People's Republic of Berkeley did something really smart, they
base
parcel taxes on square feet, not parcels. So a 100 unit apartment
building doesn't get away with paying one parcel tax while a 100 unit
condo complex pays 100 parcel taxes. That change to the the tax system
passed 88% to 12%.


So how much did that increase the affordability of apartments?

It neither increased nor decreased the affordability, since rental costs
are based on what the market will bear, not the costs to the property
owner.


Exactly, and when a parcel tax or whatever other tax is increased it
is simply passed on to the renters - rents go up.


No, that's not the way it works. It's what the market will bear, not
what it costs the property owner. A property owner that paid $1 million
for an apartment building charges the same rent as an owner of an
identical building that paid $5 million. One just makes more money.

But it's immaterial. Apartment building owners and residents should not
be subsidized by owners of single family homes or condos, which is the
way it is now. Apartment building owners want it both ways--they don't
want to pay their fair share of property taxes or parcel taxes, and they
also don't want rent control. In other words, they're fine with lobbying
the government to subsidize their businesses, but not with the
government limiting how much they can charge for their product.


I agree, that is indeed not right.

--
Regards, Joerg

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