@izs @kimmaicutler imo this is incorrect. Multiple ways prop values & rent can diverge: eg, upzoning, rent subsidieshttps://twitter.com/izs/status/662411402863206400 …
@tmccormick your statements are conflating the two. Upzoning influences land values.
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@kimmaicutler yes, I know difference. Our property system conflates the two as well, is why upzoning can increase overall prop value.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler Making a downtown vibrant by adding apartments and retail will raise property value for nearby houses but lower median rents. -
@kimmaicutler This is a big part of why homes near Palo Alto's vibrant downtown cost more than homes one mile away near downtown Menlo Park. - 1 more reply
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