if rising land values doesn't result in more capacity, it's manifested in luxury flips.
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Replying to @kimmaicutler @sf4sfsite and
all you're doing is funneling more real estate appreciation to existing land owners.
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Replying to @kimmaicutler
OK, so Zelda or whoever y'all hate this week sees their asset appreciate. But.... (1/2)
@sf4sfsite@SFyimby@papadooloo1 reply 0 retweets 1 like -
Replying to @thomas_lord @kimmaicutler
Letting bigger capitalists expropriate the Zelda's does not equal getting affordable housing.
@sf4sfsite@SFyimby@papadooloo1 reply 0 retweets 1 like -
Replying to @thomas_lord @sf4sfsite and
the vast majority of $ appreciation happens in SF's already existing 390K residential units
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Replying to @kimmaicutler @thomas_lord and
not in the 1,900-3,500 units SF builds a year. http://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
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Replying to @kimmaicutler @thomas_lord and
If you don't add capacity for growing pop you just divert more $ returns to property owners
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Replying to @kimmaicutler
There is no "you" who is an agent that controls that. The state mostly does not build shit.
@sf4sfsite@SFyimby@papadooloo1 reply 0 retweets 0 likes -
Replying to @thomas_lord @kimmaicutler
This is a really critical point. YIMBY bogus "supply/demand" arguments assume that "you".
@sf4sfsite@SFyimby@papadooloo1 reply 0 retweets 0 likes -
Replying to @thomas_lord @kimmaicutler
YIMBY completely ignores the part where investors decide to build or not build based on price.
@sf4sfsite@SFyimby@papadooloo1 reply 0 retweets 1 like
YIMBY knows *exactly* that investors build on price and also knows that the non-profit
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Replying to @kimmaicutler @thomas_lord and
apparatus can't build absent hundreds of millions or billions in subsidies.
1 reply 0 retweets 0 likes - 2 more replies
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