vast majority of academics cite inventory problem. Ur operating out of political ideology
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Replying to @cmercury25 @kimmaicutler
kim wants 2 address 'inventory problem' by raising taxes on long-term residents 2 force them 2 sell. This won't
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do anything but transfer ownership from (oldtimer) occupants 2 investment co's gobbling up most of the homes.
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doesn't expand inventory. just greedy entitled young carpetbaggers driving out existing residents. Greed <> good.
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Replying to @ladykayaker @cmercury25
carpetbaggers? That's real nativist of you.
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Replying to @kimmaicutler @cmercury25
Yes, it is. Why should I lose my home just because you come in here and decide u want it & have more money?
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Replying to @ladykayaker @kimmaicutler
argue with economists then Lisa. But u shouldn't get all ur wealth from a home. Bad policy
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Replying to @cmercury25 @kimmaicutler
like it or not home ownership is the single largest component of middle class wealth accumulation.
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Replying to @ladykayaker @cmercury25
there's not going to be a middle class in coastal California for much longer given the way that policy works.
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Replying to @kimmaicutler @cmercury25
Its not policy, its a fact of the finances of american families.
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it's policy and we created a very complex opaque system that encourages Americans to be undiversified in wealth
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