I find myself stuck in a Flagstaff city council meeting. I am listening to a truly irritating public comment. She is currently pounding on absentee landlords (apparently a large number of Flagstaff residents, as many as 50%, rent from out-of-town landlords. She just said basically that these landlords should get no consideration in such and such ordinance because they contribute nothing to the city but a thin sliver of property taxes.
Well, my guess is that "thin sliver" of property taxes pretty much funds all the schools, but I really wanted to stand up and ask - what about the capital they have invested in the city? Obviously half of the town is unable to construct their own house and have housing by the grace of these evil out of town landowners who have invested capital in the city to build out the housing stock.