Not ironic. Expected. California's tax, land use policies allow too much value to get absorbed into land, housing.https://twitter.com/conorsen/status/762358842680238080 …
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Maybe or maybe techies take that appreciation ... San Fran, NY, London ... we shall see ...
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Even if you have some super special skill and your wage is rising faster than the median rent...
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condo market is softening already with many new units in development. I bet rent increases slow
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