Sunnyvale median home value $1.9M with prices up *28.7%* from a year ago. https://www.zillow.com/sunnyvale-ca/home-values/ … End the bans on high-density housing and backyard units! :-)https://twitter.com/jimgriffith_sv/status/995530537535094784 …
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Agreed. End the mortgage deduction, densify, buy up or build housing for all public employees and provide at a rate that is less than 30% of their disposable income. Impose rent controls linked to a similar standard. Build moder transit, push cars out from the center etc
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absent those larger structural policy changes -- which are important to keep mentioning in the long-term but don't seem feasible under the current administration, I do think the situation can get substantially worse which is why I support continuing to build against pop growth
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In Twitter size; without such decomoditiziation or definancialization if you wish, housing is just another financial asset whose expected return will be compared to stocks and bonds and investment demand is effectively infinite if expected yield is relatively high. End
Thanks. Twitter will use this to make your timeline better. UndoUndo
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