Pretty much guarantees prices decline by 2020. #cycleshttps://twitter.com/kimmaicutler/status/656996418725482496 …
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Replying to @davealevine
@davealevine but at the end of the day the wage structure is different. 50k starting teacher salary can't compete w tech money for housing1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler no question. Especially with the flood of capital pushing prices up the way it has over the last 6 years. Real social problem.1 reply 0 retweets 0 likes -
Replying to @davealevine
@kimmaicutler but this isn't just teachers in SF. That is a symbol for a nation where the middle class got left behind as assets got bid.3 replies 0 retweets 1 like -
Replying to @davealevine
@davealevine global capital markets, low interest rates making other asset classes less attractive.1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler yeah. Plus the Fed specifically bid housing prices for all sorts of reasons (through mortgage rates). This is a natural result2 replies 0 retweets 1 like -
Replying to @davealevine
@kimmaicutler the unforeseen consequences of unprecedented government interventions in financial markets are still very early in emerging.2 replies 0 retweets 0 likes
@davealevine GSEs created under FDR bc private capital was too volatile to support housing market. I think some areas are just
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