San Francisco is the municipal equivalent of raising tons of money to scale negative unit economics
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5-7%/yr while wages have generally remained flat since the 1970s, you will just have a larger and larger share of people left out of this system over time and then you’ll also have to spend more money to re-house them via increasingly expensive rental subsidies, land acquisitions
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...that’s exactly what I’m talking about?
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High housing costs are not allowing homes to serve as a social safety net for later generations who had to buy high. For people who are at risk of losing their house when unemployed because their high monthly mortgage payment the house is a bigger risk than net.
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Here is someone who knows what she is talking about + has a perspective that comes from knowledge and insight. There is often a large distance between “clever” and “wise.” All us wisecrackin’ mansplainers might learn a thing or two or infinity from
@kimmaicutler’s example.https://twitter.com/kimmaicutler/status/1054363826869612544 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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