Construction, land costs too high too make lower, middle-income rentals pencil.https://twitter.com/nicktimiraos/status/633243820579155968 …
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@kimmaicutler @RedwoodGirl & that the current CA housing crisis is very much about how government role the housing market has changed.
@DarwinBondGraha @RedwoodGirl you mean withdrawing itself from supporting the low-end of the market while still propping up homeownership?
@kimmaicutler @RedwoodGirl I'm implying the housing market, including "market rate housing" was always based on & shaped by public subsidies
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