weird how the private housing market keeps failinghttps://twitter.com/EOckerman/status/1217539778087936001 …
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I very much agree.
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The dialogue in the Bay Area is in a death spiral — this doesn’t produce what we want —-> let’s make it harder to build new housing —-> every existing unit gets downside protection bc nothing is being built or reverse filters in the next economic recovery.

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YIMBYs are so greedy that they want their cake and to eat it too. Your "Econ 101" arguments failed spectacularly, so you've pivoted to claim luxury/MR is a "harm reduction," but when that's overbuilt *for you,* the old units are still attractive and you want to keep those too.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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