@kimmaicutler @mjb_sf Two things that didn't compute. 1) if it was revenue, you'd invest 8-10x that amount to generate that income.
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Replying to @adamnash
@kimmaicutler@mjb_sf 2) If a person buys a 2nd home, and doesn't rent it, seems like it would also destroy value by that rationale.1 reply 0 retweets 1 like -
Replying to @adamnash1 reply 0 retweets 0 likes
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Replying to @kimmaicutler
@kimmaicutler@mjb_sf Thx for your patience. Always interesting to dive a bit deeper into these topics.3 replies 0 retweets 2 likes -
Replying to @kimmaicutler
@kimmaicutler@mjb_sf I don't think it is off, just seems like comparing aggregate economic impact to revenue is a mismatch.4 replies 0 retweets 3 likes -
Replying to @kimmaicutler
@kimmaicutler@adamnash@MJB_SF analysis flawed b/c based on outlier cost case#490SVanNess, assumes all units BMR & 100% subsidy not IZ.1 reply 0 retweets 1 like -
Replying to @tmccormick
@tmccormick@adamnash@MJB_SF IZ units still cost mostly the same as market-rate. It just comes out of the developer, project.1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler@adamnash@MJB_SF yes but quite different than saying it "costs the city" that amount. City needs to just permit more units.2 replies 0 retweets 1 like
@tmccormick @adamnash @MJB_SF Mission keeps blocking stuff bc they're not happy w 12/20, locked in through Prop C
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Replying to @kimmaicutler
@kimmaicutler@tmccormick We'd kill for 20% affordable buildings here in LA... About 1/3 of our MF 5+ bldgs are DB = mostly 9% VL.0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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