Every year, existing residential property owners in SF get ~$130B more in value from just sitting on their land: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …https://twitter.com/sfyimby/status/863165061543608320 …
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True on the extensive margin. A barrier to entry maybe?
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