you’re not dealing w/ housing that’s serving a growing pop.You’re dealing w/ a real estate commodity for speculationhttps://twitter.com/SFHousingRights/status/761716474541019136 …
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more complicated than the time that Calvin conflated correlation with causation.
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Yes, housing markets are complex. As Dick Walker also points out: http://www.eastbayexpress.com/oakland/why-is-there-a-housing-crisis/Content?oid=4722242 … I know YIMBYs don't like his angle.
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Dick Walker points out the sins of Palo Alto and Orinda as well, which I wholeheartedly agree with.
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Housing economics actually more complicated than that. The math makes Ed Glaeser seem smarter than he really is.
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