American cities will never be affordable until Americans come to terms with this fundamental contradiction.http://cityobservatory.org/housing-cant-be-a-good-investment-and-affordable/ …
-
-
Replying to @kimmaicutler
@CityObs Interesting. When did housing come to be considered an asset? For most of history I'm sure that wasn't true.1 reply 1 retweet 1 like -
dunno, since enclosure laws of 16th century England? Or maybe humans have fought over land for most of civilized history.
1 reply 0 retweets 1 like -
Replying to @kimmaicutler @CityObs
That would be land as property and as an asset, but as an investment would require rapid value appreciation.
2 replies 0 retweets 0 likes -
Seems like a strange concept as I think about it. You have to live somewhere, why would it be a good investment too.
2 replies 1 retweet 0 likes
FDR thought it was a good idea during the Great Depression. http://publishing.cdlib.org/ucpressebooks/view?docId=ft5v19n9w0&chunk.id=d0e4173&toc.depth=1&toc.id=d0e4007&brand=ucpress;query=technology%20as%20freedom#1 …
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.