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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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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time to privatize
@SFBARTThanks. Twitter will use this to make your timeline better. UndoUndo
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it is sort of a virtuous cycle as well, as they invest in land value to then encourage more travel. e.g., all the private railroads have dept stores in the city center so people have reason to ride on weekends (i.e., not just commute to work)
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they'll also build stuff on the other end of the line - like zoos and amusement parks - for the same reason
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