Also... is the tech industry machine arguing *it's* candidate will be harder on "luxury condos"? That's like "goldman sachs wants Hillary to win" kind of stupid. https://medium.com/@JaneKimCA/no-filter-6f4247335455 …
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Replying to @sarahcuda
25% of 0 is 0. There is a point at which the deal ceases to pencil out even if it sounds good to voters. After her Prop passed the other year, the pipeline of both mkt rate and affordable declined overall, which is great for owners of existing real estate in SF.
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Replying to @kimmaicutler @sarahcuda
So we’ll just have to wait until overall rents across the city get even less affordable so that this higher tax on new housing creation, which ultimately gets passed onto renters and buyers, pencils out.
4:54 PM - 4 May 2018
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