Oakland, the most over-priced real estate in America. http://www.bizjournals.com/sanfrancisco/morning_call/2016/08/oakland-housing-market-overbidding-residential-cre.html …
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Replying to @DarwinBondGraha
As a coda to our conversation from last week http://www.vox.com/2016/8/8/12390048/san-francisco-housing-costs-tokyo … This really isn't rocket science
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Replying to @mdweinberg
Rocket science is a useful metaphor, but I think it applies to your perspective better than mine. You're saying the housing...
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Replying to @DarwinBondGraha @mdweinberg
…crisis all boils down to an equation: "UGBs + NIMBYism = undersupply = high prices and hence growth in CV?"…
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Replying to @DarwinBondGraha @mdweinberg
Japan's housing culture is distinct from the US in that houses depreciate, rather than appreciate.
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Structures don't appreciate in the US either, but land does and people upgrade structures
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Replying to @MarketUrbanism @kimmaicutler
structures can appreciate sans upgrade if you make your zoning restrictive enough!!
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reverse filtering!!! I want some pejorative oppositional term to "trickle down"
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