@JakeCahan @BluegrassCap alternately, it drives up the cost of private real estate so that more people need assistance.
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@kimmaicutler@BluegrassCap Agreed, that's the typical consequence. Note the increase in property tax revenue. - 5 more replies
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@JakeCahan@BluegrassCap NYCHA has at least a $18 billion shortfall. I haven't seen evidence that you can get $18B from inclusionary. -
@kimmaicutler@BluegrassCap where's the $18B from? Here?pic.twitter.com/58ZVRIPZfH
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@JakeCahan@BluegrassCap but what is that from? Domestic or local demand? Additional construction, units? Foreign capital?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler 1/ Just driving up housing costs puts huge burden on average family. We have 60% of students families living in poverty in CA.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler 2/Most priced out of housing in SF. takes a College graduate coming out of college 29 years just to save 20% 4 down payment.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler 3/renters in our city almost going to blows in council meetings over rent increases.The stress to the system is being testedThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler 4/great empathy for the million plus CA families lost their homes to foreclosures who now can't even enter the housing marketThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler 5/Many were senior citizens and minorities who were forced to borrow on their homes to live.Thanks. Twitter will use this to make your timeline better. UndoUndo
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