It’s not just about building more housing. It’s also that California’s entire property and land use system incentivizes owners to hold, so fewer and fewer homes trade every single year.https://twitter.com/thebasispoint/status/1003325808528773120 …
-
-
I agree - hard to encapsulate on twitter. Generally I think people don’t buy enough when prices are low. Buffett: “my only aim is to be fearful when others are greedy and greedy when others are fearful.” Housing was affordable (quite) from 2012-2014, for example (1/2)
-
And also, high prices can be a motivator to balance the inequities in our state. We should work on developing jobs in depressed areas where abundant land means cheap prices. https://www.google.com/amp/www.latimes.com/opinion/op-ed/la-oe-gatto-ten-points-housing-20170920-story.html%3foutputType=amp … (#7 therein). The market is telling us certain areas are too crowded. (2/2)
- 18 more replies
New conversation -
-
-
Of course there is. Just look at cities in other states still with high economic growth and high desirability for people to move there.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
That a family would want to own land & pass it on to their children ought to be supported & encouraged. It means that the children are more protected from homelessness & poverty. This is a good thing for society. This idea that people need to give up their assets is
#socialismThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.