don't disagree with any of Robert Shiller's facts here, but this type of analysis is largely irrelevant for humans http://nyti.ms/29DAPg6
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Replying to @JoshZumbrun
moreover won't the efficiencies of microunits just get priced into the underlying land rather than creating more affordability?
2 replies 0 retweets 1 like -
Replying to @kimmaicutler
Tim McCormick Retweeted Kim-Mai Cutler
@TruliaRalph
@JoshZumbrun no, as w/upzoning it can both↑land value & expand supply so ↑affordablityhttps://twitter.com/kimmaicutler/status/755040488508403713 …Tim McCormick added,
2 replies 1 retweet 1 like -
Replying to @tmccormick
that's theoretically possible, but more likely to be true in shortrun (before migration)
@kimmaicutler @TruliaRalph@JoshZumbrun1 reply 0 retweets 0 likes -
Replying to @geoliberal
to paraphrase Keynes, in the long run we're all displaced. c/ @TruliaRalph
@JoshZumbrun@kimmaicutler1 reply 0 retweets 2 likes -
Replying to @tmccormick
If density produced affordability, then HK wouldn't be the least affordable place of all @TruliaRalph
@JoshZumbrun@kimmaicutler5 replies 0 retweets 2 likes -
another counterfactual is Tokyo, which is quite affordable by ultra-dense standards.
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greater HK (Pearl River Delta) is actually pretty cheap compared to Vallejo...
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Replying to @vjon @kimmaicutler and
1 country 2 system policy artificially inflates price in HK proper.
1 reply 0 retweets 1 like
the problem that bedevils them is what Vancouver's Andy Yan calls the "hedge city"
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