“The European model of home ownership — in which property changes hands primarily because one family member gives it to another — could become the dominant reality here.”https://twitter.com/eastbayexpress/status/963924578580938752 …
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Replying to @_jpra_
This is what the Bay Area’s corrections look like historically.
pic.twitter.com/Mi6R9hrbW5
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Replying to @_jpra_
That particular correction also destroyed a lot of black wealth in the Bay Area through foreclosures.
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Replying to @_jpra_
Sure! I mean a correction will happen at some point. But historically it only goes down by a fraction of the appreciation during the boom.
5:56 PM - 17 Feb 2018
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