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Travis's avatar

If you tax the folks who are worth more than $3.5M down to size, the cost of living comes down. If everyone is worth $3.5M max then condos/homes over that price simply do not sell in that market and the price comes down to meet the buyer's market. The 3-bedrooms won't be going for what they are going once you liquidate the assets of the rich.

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Migs's avatar

Dude this area is 7 miles by 7 miles. We have huge earthquakes. How many people do you want moving here into sky rises? You will have to demolish all the single family homes to make this happen. Literally the areas (Bay Area) will go from 15m to 45m

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