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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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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Don’t the speculators turn to existing housing stock instead? Thx for your time.
End of conversation
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