The U.K., the US, Canada, Australia. We all have similar land use regimes, orientations toward property. It's the same affordability crisis.https://twitter.com/nytimes/status/859633949907320833 …
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Replying to @occupytheport
You're not asking the right question. What are the underlying conditions that make it attractive to store capital in this way?
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Replying to @occupytheport
there are other capitalist countries like Japan and Germany that don't have the same issue, at least not anywhere near the same extent.
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Replying to @kimmaicutler
Well it is what happens when most of life's essentials are commodified? Global Capitalism
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Replying to @occupytheport @kimmaicutler
California real estate is just a stock market. Most people won't be able to play while a privileged few make off like bandits.
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Replying to @occupytheport
California real estate has very different norms & points of govt intervention than Germany, Japan.
11:55 PM - 2 May 2017
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