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 …
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Replying to @kimmaicutler
@kimmaicutler@laurensmiley Let's just remember that foreigners are not the problem. The housing market is the problem.3 replies 0 retweets 4 likes -
Replying to @JedKolko
@JedKolko@laurensmiley but I also think we may need to reconsider how we handle taxation to disincentivize this.1 reply 0 retweets 2 likes -
Replying to @kimmaicutler
@kimmaicutler@JedKolko DeLeon said most buyers do live or move here. The vacant houses are the exception.2 replies 0 retweets 1 like -
Replying to @laurensmiley
@laurensmiley@JedKolko we're in a place where we need all the units we can get.1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler@JedKolko He's successfully captured a pre-existing market of buyers here - then propelled it by setting up an office abroad.1 reply 0 retweets 0 likes
@laurensmiley @JedKolko did he say what the % of non residents or ghost homes were? What % are rented?
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