SF appears to have topped out real estate and rent-wise. But unfortunately, Oakland got the brunt of it as a result.https://twitter.com/Richard_Florida/status/712282482637406208 …
@Kazanjy the wage growth has to keep up with the cost of housing, which often doesn't happen for lowest-income workers.
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@kimmaicutler yeah. What's a good solve there to raise wage growth? Seems related to trump 2016... -
@kimmaicutler this is an interesting thought experiment. There's a rate of new housing addition that keeps old stock steady state, right? - 1 more reply
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@kimmaicutler@Kazanjy When wages go up, rents and house prices go up too. Landlords won the economic war, w/big assist from US gov policies -
@RFrances2@kimmaicutler build enough supply, and that association breaks. Ask Miami condo builders.
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