Construction, land costs too high too make lower, middle-income rentals pencil.https://twitter.com/nicktimiraos/status/633243820579155968 …
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@Sr_Lazarus @NickTimiraos filtering does happen, but I think land, location dampens its effects more than we think. Wish there were studies!
@kimmaicutler @NickTimiraos with so many in SF rent-controlled, that's housing at least 35 years old, sometimes lots more
@kimmaicutler @NickTimiraos more broadly housing may have lagged the economic shifts in terms of what jobs grow and wane, and where
@kimmaicutler @Sr_Lazarus @NickTimiraos @LauraKusisto housing has filtering (up *&* down) & fungibility to degrees, so doesn't only serve..
@kimmaicutler @Sr_Lazarus @NickTimiraos @LauraKusisto the market segment for which it is initially built or marketed.
@kimmaicutler @Sr_Lazarus @NickTimiraos Best one I've seen: http://faculty.maxwell.syr.edu/Rosenthal/Recent%20Papers/Is_Filtering_a_Viable_Source_of_Low-Income_Housing_%206_18_13.pdf … -shows filtering works best when house prices rise slower
@albrgr @kimmaicutler @NickTimiraos fascinating paper. my key take-away: "long run source or lower income housing"
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