@pmarca Another way to look at this data is that newcomers make existing residents fiscally unwelcome.
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if they own their property, they get 000s in equity, which can be cashed out in refi.
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source in case you're curious:http://www.spur.org/publications/spur-report/2016-05-12/back-black …
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Interesting, this automatic conflation of benefits to city workers, and benefits to existing residents
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CA doesn't have $175B in pension liab bc fund managers couldn't make their returns http://www.sacbee.com/news/politics-government/capitol-alert/article66904557.html …
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How does an ever growing but itinerant workforce in a chronically short housing market affect housing prices
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they would be less itinerant if it was more affordable.
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@izs I believe there is a legal case here for discrimination in basis of age - the net effect of Prop 13 is anti-youth. - 1 more reply
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@pmarca I see the benefit analysis. Where's the cost side of the equation?Thanks. Twitter will use this to make your timeline better. UndoUndo
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