@izs @kimmaicutler imo this is incorrect. Multiple ways prop values & rent can diverge: eg, upzoning, rent subsidieshttps://twitter.com/izs/status/662411402863206400 …
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@tmccormick@izs but we're dealing w people who want to downzone, maintain their property values & have new construction be only affordable - 16 more replies
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@kimmaicutler@izs Question: Does the US constitution talk about housing as a right and not a privilege? Or similar. The Spanish one does -
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@kimmaicutler well, this is only true now we've reached zero interest rates... the equivalency is between rent and mortgage payments.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler@izs related but not conjoined ie ratio of prices to rents is not constant, made clear during bubble: http://4.bp.blogspot.com/-p-SuQZSUkM4/VWS7Y9ExS-I/AAAAAAAAjqQ/99t0xddCLLw/s1600/PriceRentMar2015.PNG …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler This is what I was trying to get at with "everything is, in the end, fungible"Thanks. Twitter will use this to make your timeline better. UndoUndo
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