Congrats guys. No new housing is gonna get built until after the next recession.https://twitter.com/SocketSite/status/1004511892461613056 …
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Land values crash, bunch of people go underwater, probably a bunch of cities go bankrupt. I really wonder what it'll take to turn a crash like this into a real Prop 13 reform/repeal.
That's impossible. The best-case scenario for existing owners is 2005->2015. If you build, it destroys value forever. If you don't build, it destroys value for 5 years.
Land values have never NEVER crashed in SF, genius
Land values will crash if: A) You build more. B) You build more transit, thus implicitly building more. C) Techies can't afford to move to SF for a period of 10 or more years and your network effects implode. (Arguably, we're about 2 years into this process).
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.