@alexismadrigal lots of capital flowing into Bay Area housing that has nothing to do w intrinsic desire for shelter. Just deposit boxes.
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Replying to @kimmaicutler
@kimmaicutler @bruteforceblog@alexismadrigal But where does the value of those boxes come from? Shortage of housing and resulting rents.5 replies 0 retweets 1 like -
Replying to @crzwdjk
@crzwdjk @bruteforceblog@alexismadrigal in a globalized capital market with ~0% interest rates, capital will subvert this structure.2 replies 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler @bruteforceblog@alexismadrigal Without the restrictive zoning, the inflow of capital could've been harnessed to build more2 replies 1 retweet 1 like -
Replying to @kimmaicutler
@kimmaicutler @bruteforceblog Which was how the government's throwing out of free money for housing was subverted by rentiers.2 replies 0 retweets 1 like
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