Not with the way current property tax caps work in CA & how global capital flows into real estate w near 0% rates. https://twitter.com/pmarca/status/738057040153583616 …
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Replying to @kimmaicutler
are global investors really buying property in Bay area and not renting it out?
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Replying to @gorkemyurt @kimmaicutler
also what's wrong with near 0% rates? Eb-5 program is helping Hunters Point Shipyard project building 1000s of units
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Replying to @gorkemyurt
if it's to build new housing that's generally fine. If it's just parking in vacant real estate, that's not good.
11:21 AM - 1 Jun 2016
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