This investment is enough to buy five homes in San Jose, where the median home price is $995,000. Google has over 100 open job postings around San Jose this morning and a $31 B profit last year.https://twitter.com/sundarpichai/status/1189189205085188096 …
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The fact that the tech industry, the richest in the world, is a net drain on the region it's based in is an astonishing indictment of tax policy and regional planning in California. The state is burning fifty kilometers from a mountain range made of money.
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If elected, I would upzone Palo Alto until it looked like Hong Kong and riddle the place with bullet trains
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Replying to @Pinboard
I
trains and dense cities too, but we wouldn’t even need anything close to that to solve the housing crisis. Just allowing tenant-free homeowners to voluntarily replace their houses with apts *within existing height limits* would get the job done.
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Replying to @Pinboard @MikeSchiraldi
If you dig too far into this, expect to hear the phrase "neighborhood character" a lot, as a blunt tool to prevent anything being built.
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Yeah, neighborhood character is the thing I want to destroy
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