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 @pcohensf
more complicated than the time that Calvin conflated correlation with causation.
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Replying to @kimmaicutler
As YIMBYs also conflate housing market price bubbles with decisions at Board of Supervisors meetings on any given Tuesday.
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Replying to @pcohensf
the Californian way is to undertax real estate via Prop. 13 and then impose the costs on newcomers and then wonder why the
5:42 PM - 6 Aug 2016
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Replying to @kimmaicutler @pcohensf
newcomers have to be so affluent to be here.
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