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 …
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Weird that the trend looks to be up from the early 90s to the early aughts. Is this residential only, or all properties?
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Not sure. You can look more closely. You can also ask them. But often, when people are like, why is that shitty shack selling for $2M? Usually, the answer is that only 30 homes total are listed within a couple miles of a $900 billion company.
End of conversation
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Oooh never mind, I'll look it up. I want to read this whole LAO report with all its pretty charts and maps nom nom nom.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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