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Alfred Twu Profile picture
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1 Jun, 4 tweets, 2 min read
you laugh, but China basically borrowed California's flawed property tax system and dialed it up to 11 - taxes are based on original purchase price, homeowners pay nothing at all. Trying to change it is now a major headache for the government. researchgate.net/publication/32…
Commercial property gets taxed at "1.2% of 70-90% of original value" which is almost the same as California property tax of 1% of purchase price. Private residential houses aren't taxed at all. what could go wrong?
researchgate.net/publication/32… Image
Without property taxes, China relies on leasing vacant land for development to fund local government. This system stops working when cities stop growing. The government has been trying to shift to a regular property tax system for over a decade. chinadaily.com.cn/a/202102/01/WS…
I don't know why China chose to have almost no property taxes when switching to private homeownership in the 90s - former Communist countries in Europe have it - but this was also when people in China started buying homes in California, I wonder if they copied CA's system 🙃

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More from @alfred_twu

Alfred Twu Profile picture
2 Apr
It’s time to go all in on growth. We got to build lots of wind & solar, etc. When we get to 100% clean energy, will we shut down what will then be the country’s largest industry, or will we keep building and grow incomes & the economy 7.5% a year to 4 times its current size? 1/ A person stands in a Statue of Liberty style position holdin
Renewable energy is different from fossil fuels in that most of the work is done up front. While a constant sized fossil fuel workforce equals constant (or shrinking) energy production, a constant sized renewable workforce equals continuous energy growth. 2/ Energy Efficiency and Renewable Power — 3.6 million jo
Installation of new wind & solar has been growing exponentially. To replace oil/coal/gas fast enough, it needs to be. When that’s done, we’re not going to lay off millions of people mid-career - we’re going to keep going. 🚀🌕 3/
Read 14 tweets
Alfred Twu Profile picture
2 Apr
Today in vaccine eligibility expansion: Alabama announces April 5 as the day when everyone 16 and up can sign up for vaccines. Additional counties opening up in Hawaii as well. 1/
With the state expecting a 50% increase in doses delivered, Alabama - which had already opened eligibility to more than half the state - set Monday as the day the rest are eligible. wsfa.com/2021/04/02/ala…
Another one of Hawaii's islands will also start vaccinating everyone 16 and up on April 5. khon2.com/coronavirus/bi…
Read 5 tweets
Alfred Twu Profile picture
1 Apr
More states moving up the day when vaccines are available to everyone 16 & up: Wyoming did it yesterday, Maine moved up to 4/7, Washington announced 4/15 and Virginia 4/18. Thread 1/
Previously Wyoming had been estimating around the 12th, but decided to open it up to everyone yesterday. wyomingpublicmedia.org/post/wyoming-o…
Maine had earlier announced April 19, moved it up to April 7 pressherald.com/2021/04/01/mai…
Read 9 tweets
Alfred Twu Profile picture
31 Mar
Today, Pennsylvania and South Dakota announced when vaccines will be available to everyone 16 and up. PA on 4/19, SD on 4/5. With PA and SD in, Biden has met his goal of "90% of Americans Eligible by April 19". Details in thread 1/ Image
With many adjacent states open to all, Pennsylvania has finally announced a date when everyone can sign up for shots: April 19 inquirer.com/health/coronav…
South Dakota, which is surrounded by states already or soon opening, will let anyone sign up for an appointment starting April 5. ktiv.com/2021/03/31/sou…
Read 7 tweets
Alfred Twu Profile picture
30 Mar
More states announced today when vaccines would be available for everyone 16 and up: Arkansas today, Delaware & Wisconsin next week. Two counties in California already open as well, with a 3rd on Thursday. Thread 1/ Image
accidentally hit the delete button on a previous thread, here are the links to the three California counties: Butte (3/29), Contra Costa (3/30), and Stanislaus (4/1)
Compared to its neighbors, Wisconsin had been slow to announce a day when it'd be open up to all, but now that Minnesota lets everyone get shots, Wisconsin made an announcement for April 5 as the day. wisn.com/article/evers-…
Read 11 tweets
Alfred Twu Profile picture
12 Mar
A thread on Missing Small Housing! Stuff smaller than a house, but bigger than a tent.
The housing crisis isn't just a big city problem. Rural areas also don't have enough homes - for example, California's Imperial County has one of the highest rates of overcrowded homes. 1/ Missing small housing: low cost options for homeownership an
The causes of the rural housing crisis are similar to the cities: restrictive zoning, low wages, and homebuilding not keeping up with job growth. 

Missing Small Housing can also be used in cities and suburbs to provide cheap housing on leftover bits of land. 2/ Making use of leftover land - regular lots on a curve, w
Accessory Dwelling Units & Junior Accessory Dwelling Units:

Accessory dwelling units (ADU's) became popular in California in the late 2010s as local and state laws were changed to allow more homes to be added without changing the appearance of a neighborhood.
3/ a house with a garage has the garage turned into a Junior AD
Read 53 tweets

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