@SFyimby @uhshanti @_wyot_ @tdfischer_ @biblerocket every year the incentive to build in SF goes up!
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But the land costs go up too, eating the margin.
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And that money comes from somewhere. The assets of the old are the debts of the young.
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It's the California retirement plan. It's very likely I will make more by living in my house than I'll ever make by saving from my job.
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So long as you can scrape by month to month and avoid debt, the increase in equity can bail you out.
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Always feels like you're rooting for an engineered economic contraction / price collapse, out of spite toward earlier generations
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SF glory days for buyers through 80s early 90s and 2011. Absolute best time with less competition.
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