There’s a lot of talk about how increading housing supply will help solve the housing crisis in LA. This misses the extreme segmentation of housing markets as well as the logic of speculation (1/2).
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In many suburbs in NorCal, there are only 20-30 units for sale each month as these cities keep discussing and approving office campuses in the 15-35K+ worker range in order to capture tax revenue to pay for their structural liabilities while balking at building any homes.
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I hear you and am interested in learning more. How does limiting new construction limit speculation? My concern is when we don’t build to meet pop/job growth blue collar housing gets raided by white collar workers. House in Leimert Park recently flipped from 350k to 620k:pic.twitter.com/NAQICal2pF
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I like how
@rjacobus sums it up: "We can’t build our way out of the housing crisis, but we won’t get out without building." https://shelterforce.org/2016/03/10/why_we_must_build/ …Thanks. Twitter will use this to make your timeline better. UndoUndo
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