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 @NickTimiraos social benefit of market-rate housing comes 30, 40, 50 years down the road as units filter into Class B & C
@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
@Sr_Lazarus @NickTimiraos it's lagging partially because the system is tilted in favor of single family home sprawl over multifamily infill
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