In Japan, train companies can earn revenue from rents in surrounding station areas on top of fares. In CA, we can invest billions in infrastructure and subsequent spikes in nearby land/property values are captured almost wholly by the people who happen to own nearby property. https://twitter.com/dangillmor/status/1078168004360171520 …
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Attaching another discussion here:https://twitter.com/marketurbanism/status/1078176697114083329?s=21 …
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Also housing isn’t celebrated as a primary wealth accumulation tool in Japan the way it is in the US. So the cultural expectation that houses must appreciate is not amplified & embedded by lending, tax & zoning policy at every level of govt like it is herehttps://www.economist.com/finance-and-economics/2018/03/15/why-japanese-houses-have-such-limited-lifespans …
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Inclusionary Zoning is land value capture.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Bonjour you can read it here: Thread by
@kimmaicutler: "In Japan, train companies can earn revenue from rents in surrounding station areas on top of fares. In CA, we can invest […]"#s https://threadreaderapp.com/thread/1078169110826180608.html … Talk to you soon.
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