Construction, land costs too high too make lower, middle-income rentals pencil.https://twitter.com/nicktimiraos/status/633243820579155968 …
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Kim-Mai Cutler Retweeted Nick Timiraos
Construction, land costs too high too make lower, middle-income rentals pencil.https://twitter.com/nicktimiraos/status/633243820579155968 …
Kim-Mai Cutler added,
@kimmaicutler So basically all lower and middle-income renters should plan on leaving the Bay Area. They don't want us here.
@RedwoodGirl @kimmaicutler The private sector has always failed to supply housing.
@DarwinBondGraha @RedwoodGirl doesn't work at the lower-end segment of the market. But are you implying total public housing as a solution?
@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 In addition to other things, yeah.
@DarwinBondGraha @RedwoodGirl what other things are you thinking about?
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