After the millenial crash, the region bled jobs. Most of the 500K is the return to old levels. @kimmaicutler @SFyimby @papadooloo
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Replying to @thomas_lord @sf4sfsite
If you want to actually explain the affordability crisis, you need to look at other factors.
@kimmaicutler@SFyimby@papadooloo1 reply 0 retweets 0 likes -
Replying to @thomas_lord @kimmaicutler and
Like greed, and high cost of building in a "fools-gold" rush
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Replying to @sf4sfsite @thomas_lord and
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
Where else would you expect? To much overpriced luxury drives this. No balance in new
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Replying to @sf4sfsite @thomas_lord and
prices don't really crash in SF precisely because it doesn't build enough. Real estate is a
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great store of value here versus the outlying lower-income areas of the Bay bc no inventory.
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Replying to @kimmaicutler @thomas_lord and
BC demand too high for 7 mile square :)
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