This is a trite, superficial story starting from its very lede. The Lucca’s ravioli family is making as much as $8.2 million from selling the building and lots. They’re getting to retire. https://missionlocal.org/2019/04/lucca-bids-san-francisco-adieu/ …https://twitter.com/washingtonpost/status/1130872891325784064 …
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That economic growth gets disproportionately captured by landowners (again!) and the cycle aggravates or rinse and repeats.
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yes, contemporary SF has become a very extreme example of capitalism's upward redistribution of wealth through the production & reproduction of real estate. i'm glad you're on board with david harvey but it doesn't mean that the city described in that article isn't san francisco
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yes, prop 13 is bad. the story is still broadly accurate
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yes, urban renewal was also bad. the story is still a broadly accurate picture of contemporary san francisco
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I want that for you too
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