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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Replying to @pcohensf
existing housing is more attractive as a speculative instrument under conditions of inelastic supply. http://www.nber.org/papers/w14193
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Replying to @kimmaicutler
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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Replying to @pcohensf
Prop. 13 reform would help land be less attractive a speculative instrument.
5:39 PM - 6 Aug 2016
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