San Francisco is the municipal equivalent of raising tons of money to scale negative unit economics
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Replying to @Austen @AustenAllred
Public goods often have negative unit economics (at least in the short/medium term). If they had positive unit economics, the private sector would’ve provided it already.
4 replies 3 retweets 58 likes -
Replying to @kimmaicutler
I meant it as an analogy, not literally. It feels like things are fundamentally broken organizationally and we try to solve with money.
1 reply 0 retweets 7 likes -
Replying to @Austen @AustenAllred
Well, I dunno, when your whole country effectively uses homeownership as a social safety net in lieu of actually having a social safety net and therefore real estate is protected and enhanced as an asset class at literally every level of government and generally appreciates at
3 replies 6 retweets 52 likes -
Replying to @kimmaicutler @AustenAllred
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.
1 reply 0 retweets 1 like
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