Could happen in SF if no mid-class housing gets built... NYC steep property tax proposed on $5M+ 2nd homeshttp://on.wsj.com/1CdDVQC
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@kimmaicutler@jeremys housing has become global asset class. That's fine policy if we also have supply elasticity. -
@fuelcut no city is fully capable of doing that
End of conversation
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@kimmaicutler@jeremys related: hard to decouple local/ global. eg NYC's outsized wealth creation comes from being WW leader in finservThanks. Twitter will use this to make your timeline better. UndoUndo
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