I'm responding directly to this because it's a DR at me, but know that I am taking an extreme hiatus from YIMBY Twitter for most part.
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Replying to @uhshanti @IDoTheThinking and
First off, I've worked w/ alt investment trades for a living b4. When I speak w/ concern about global financialization of housing markets,
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Replying to @uhshanti @IDoTheThinking and
it's not because of xenophobia. As the anchor baby of an immigrant family who's experienced it personally, that's deeply insulting.
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Replying to @uhshanti @IDoTheThinking and
We've gone around this in circles many times, so I'm reticent to do this again. So instead of stats/book quotes, lemme try to be simple-ish
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Replying to @uhshanti @IDoTheThinking and
If you think that the current process behind production + allocation of a human need is predicated on it *not* being allocated equitably,
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Replying to @uhshanti @IDoTheThinking and
you will not favor policy driven by the current producers, allocators, investors, and owners, or those that unskeptically support them,
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Replying to @uhshanti @IDoTheThinking and
(especially when they are a deep-pocketed national political force who have no interest or track record in making things fairer.)
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Replying to @uhshanti @IDoTheThinking and
When you crack into "building all kinds of housing" there are a whole host of mechanisms that work differently in different communities,
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Replying to @uhshanti @IDoTheThinking and
that map onto race, class, gentrification, finance, a whole other host of issues that strict urbanist types find "too messy" for analysis.
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Replying to @uhshanti @IDoTheThinking and
He's saying when you have 0 funding mechanisms for only building "100% affordable," it's a giveaway in financial returns to owners of
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Existing real estate. Given the way that we live in a highly property rights centric system derived from England, the financialization and
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