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Max Dubler 🏳️‍🌈
@maxdubler
If we are going to bail these people out—and we shouldn’t, because they all knew this land was sliding when they bought or built their homes—the state should buy these properties at their prop 13 valuations and not a single dime more.
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Rage Against the Municipal Planning Commission
@rycpt
Complete insanity. Taxpayer dollars directly into the pockets of wealthy coastal property owners who have known about the risks here for decades.
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David Watson 🥑
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Max Dubler 🏳️‍🌈
@maxdubler
These people are not the victims of bad luck. They understood the risks they were taking perfectly well. They sued the city to overturn a moratorium on development in the slide area!
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Paul the Impaler Volcker
@achtera
Replying to @maxdubler
Yes. I grew up there - everyone knew about the slide area and always thought the people there were crazy
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Max Dubler 🏳️‍🌈
@maxdubler
Yeah we should build lots of homes in the stable, already-urbanized areas of the coast and leave everything else alone.
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Max Dubler 🏳️‍🌈
@maxdubler
The city implemented a development moratorium and the landowners sued to have it overturned. They knew exactly what the risks were!
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Max Dubler 🏳️‍🌈
@maxdubler
I cannot stress enough how much these people knew exactly the risks they were taking. They sued the city to get permission to build in a landslide zone!
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Lou Seale
@homo_placidus
Most “wealthy coastal property owners” in SoCal are just elderly people in a small house they bought for $100k, the framing here is so dumb
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LandGate
@LandGateCorp
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C
@ce42
Or maybe just help the people who bought before this issue was known and offer a smaller buyout for people who bought after this issue was known.
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Egan Peltan
@EganPeltan
The multi-decade tax subsidy they got via Prop 13 should make up the majority of the gap for uninsured long-term homeowners
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The Education of O
@Ed_of_O
It seems this is due to the specific FEMA program used (reclaiming dangerous land so no one builds on it again), and it's irrelevant to previous state & local decisions. The homeowners also lose ¼ of the value as FEMA only pays ¾. Not great but can't change how the program works
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Donal
@Spelt_D_o_n_a_l
I would have more sympathy for someone who bought there in the late 70s, just after prop 13 passed, and they might have thought it would be possible to stabilize the slopes long-term. Anyone who bought there post-2000 should be given a tent. And be lucky to get that.
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Zorro’s Mom
@Pho2Geek
I disagree in part. Disasters happen all the time. People build in flood plains or high fire areas. We help people who make bad decisions all the time. However, houses should not be bought or at market rate. Somewhere around assessed value or a little less
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Max Dubler 🏳️‍🌈
@maxdubler
The government: you cannot build homes here because this land is sliding into the ocean. Property owners: we're suing! The government: okay fine. *houses become uninhabitable because the land is sliding into the ocean* Property owners:
GIF
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Ed Winters
@EdWinters102
How many politically connected people live up in those hills? Do you really think your morally correct position will hold?
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Mark Hogan
@markasaurus
It's common for people to say "homeowners block new housing because they know the shortage props up their home's value" but IMO it really just comes down to people hating change (and car traffic)
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sam
@sam_d_1995
my most fiscally conservative take is that I don’t think we should spend tens of millions in taxpayer money to bailout millionaire homeowners in expensive suburbs who actively and knowingly built mansions that were about to crumble into the sea
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Rage Against the Municipal Planning Commission
@rycpt
Complete insanity. Taxpayer dollars directly into the pockets of wealthy coastal property owners who have known about the risks here for decades.
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@eliza_shaner
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The Seattle Times
@seattletimes
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