@alexismadrigal lots of capital flowing into Bay Area housing that has nothing to do w intrinsic desire for shelter. Just deposit boxes.
@crzwdjk @bruteforceblog @alexismadrigal in a globalized capital market with ~0% interest rates, capital will subvert this structure.
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@kimmaicutler @bruteforceblog@alexismadrigal Without the restrictive zoning, the inflow of capital could've been harnessed to build more -
@crzwdjk @bruteforceblog the restrictive zoning, which developed in the 1970s, is a result of treating housing as ever-rising investments. - 2 more replies
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@kimmaicutler @bruteforceblog@alexismadrigal Instead it just drives up rents and we all lose.Thanks. Twitter will use this to make your timeline better. UndoUndo
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