The more this behavior gets priced into Bay Area real estate markets, the harder it will be to fix it.https://twitter.com/laurensmiley/status/657246590172729344 …
@JedKolko @laurensmiley I grew up in these communities. I have no problem with sales to people who want to live and work here.
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@kimmaicutler@laurensmiley Then let's identify the problem as units held vacant, some of which happen to owned by foreign investors. -
@JedKolko@kimmaicutler if only there was, say, a legislature that could levy, say, a tax, on nonresident owners whose units aren't occupied - 2 more replies
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