@kimmaicutler @pmarca Meanwhile Toronto is looking at ~35k housing starts in 2015 and currently has 82k units under construction...
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Replying to @graemehein
@graemehein@kimmaicutler@pmarca San Francisco alone has 50,000 units in the pipeline, but TechCrunch articles don't ever seem mention that1 reply 0 retweets 0 likes -
Replying to @graemehein
@graemehein not sure why would think it takes 15 years to build a building (even Freedom Tower took half that)3 replies 0 retweets 0 likes -
Replying to @graemehein
@graemehein 6000 units are under construction in SF. no "presumed market effect", rather pointing out glaring omission in TecCrunch piece1 reply 0 retweets 0 likes -
Replying to @graemehein
@graemehein not sure why you're dividing by 2. number completed this year will be around ~50001 reply 0 retweets 0 likes -
Replying to @asaxena
@graemehein anyway, crux of TechCrunch piece is 1) increasing supply will decrease prices, and 2) zoning is cause of decreased supply1 reply 0 retweets 0 likes -
Replying to @asaxena
@graemehein there are big holes in both those hypotheses, because 1) assumes shape of demand curve, 2) ignores other factors (Prop 13, etc)1 reply 0 retweets 0 likes
@asaxena @graemehein those 50k units include Treasure Island, lake Merced, etc. Decades in process
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