@kimmaicutler but cycles are just how it works and it's kinda silly what the money is funding and doing at this point.
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Replying to @davealevine
@kimmaicutler when computer programmers can't afford rent and the imitator and idiot companies (using Buffett's three i's) are burning cash3 replies 0 retweets 0 likes -
Replying to @davealevine
@davealevine if a lot of their comp is in equity.... is what I'm saying.1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler yeah. Illiquid private securities that are being bid up by a liquidity wave that will retrench and leave them very disapponted3 replies 0 retweets 1 like -
Replying to @davealevine
@davealevine in the most expensive part of the housing stock while everyone else is rent-controlled or on 30 yr fixed mortgages from yrs ago1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler yeah. Especially the young ones who dropped out or what have you. Cest la vie. Way worse social issues!1 reply 0 retweets 1 like -
Replying to @davealevine
@davealevine The cos doing the most aggressive acquisition of space are ones like Uber, Apple & Stripe though.1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler fair enough. Some awesome companies will make it through the cycle.3 replies 0 retweets 0 likes -
Replying to @davealevine
@davealevine I think it's a function of how we do property taxes. Also just very little elasticity with supply.1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler yeah. I've seen your work on that stuff. Truly messed up structure and incentive system.3 replies 0 retweets 1 like
@davealevine which is why El Camino Real, a 200+ year old road that runs the length of Silicon Valley, is filled with 1-story retail
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Replying to @kimmaicutler
@kimmaicutler@davealevine re eg El Camino, not just prop tax, it's dysfunctional zoning. Owners'd use land adapt/productively if they could0 replies 0 retweets 2 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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