Power to the Parasites: SF Bay Area Ballot Measures Will Penalize Property Owners for Undeveloped Land
The residents of Oakland, California, and other nearby Bay Area cities, are considering a ballot proposal which centers around the assignment of a $6,000 penalty per parcel to property owners whose property fails to satisfy the City’s arbitrary use standards for a period of no less than 50 days each year: the proposal applies to both developed and undeveloped properties, which equates to penalizing people for failing to build, when it is precisely the existing regulations, compliance costs and zoning laws which make it so prohibitively expensive and challenging to build in the first place. I know this firsthand, as I have worked closely with property owners on such developments in the housing space; the permitting and engineering fees are exorbitant for even basic projects, let alone something as considerable as homebuilding or the development of multi-unit complexes. As it turns out, the terms of the proposal may also prove too ambiguous to secure the desired ends or to...