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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    Patrick McKenzie‏ @patio11 4 Jan 2019
    • Report Tweet
    • Report NetzDG Violation

    Patrick McKenzie Retweeted The New York Times

    Tokyo could drown in tech dollars but teachers would continue living in cheap housing because Tokyo builds housing. If you stop building housing, you’re deciding someone doesn’t get to live there; market just tells you their names.https://twitter.com/nytimes/status/1081313099032989697 …

    Patrick McKenzie added,

    The New York TimesVerified account @nytimes
    An uncommon arrangement for teachers in economic boom towns — employers acting as landlords — is starting to catch on as school employees say they cannot afford to live comfortably in regions awash in tech dollars https://nyti.ms/2CRAVlx 
    8:44 PM - 4 Jan 2019
    • 390 Retweets
    • 1,379 Likes
    • Jacob McKean m@ Patrick Collison sww1235 InfraredArmy🛡 Prasanna Kumar Ranjan Alex Gardner Shamil Arsunukayev Andreas Wundsam
    21 replies 390 retweets 1,379 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 4 Jan 2019
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        Most important part of the puzzle:pic.twitter.com/Kzdl47HIZ9

        3 replies 21 retweets 216 likes
        Show this thread
      3. Patrick McKenzie‏ @patio11 4 Jan 2019
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        We having baying hordes who advocate for and get scarcity and then wonder why we have no abundance. Truly it is a mystery.

        5 replies 42 retweets 346 likes
        Show this thread
      4. End of conversation
      1. New conversation
      2. mrgunn‏ @mrgunn 4 Jan 2019
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        Replying to @patio11

        Patrick, I know you love the hyper-dense environment, but do you see any negative externalities to density?

        3 replies 0 retweets 1 like
      3. Patrick McKenzie‏ @patio11 4 Jan 2019
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        Replying to @mrgunn

        Tokyo isn’t hyper-dense! You can trivially find single-family residences on tree-lined streets! They just don’t vote down having a 450 door apartment 100 meters away!

        5 replies 5 retweets 138 likes
      4. 4 more replies
      1. New conversation
      2. We'll see what happens‏ @SOMAMadman 4 Jan 2019
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        Replying to @patio11 @marcslove

        I thought housing was very expensive in Tokyo, which informs us that they are not in fact building enough housing.

        3 replies 0 retweets 0 likes
      3. Scott Feeney‏ @graue 4 Jan 2019
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        Replying to @SOMAMadman @patio11

        Nope. Since the 80s housing costs have stayed flat while the city has grown. Not only that, area of the average home in the city has increased.

        1 reply 0 retweets 26 likes
      4. 5 more replies
      1. New conversation
      2. (((David Shor)))‏ @davidshor 4 Jan 2019
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        Replying to @patio11

        I don’t disagree policy wise, but the real secret for Tokyo is the insane scale of their public transit system (which to be clear is quasi-privatized and is partially funded by the transit companies doing real estate development near their lines). Very hard to imagine here.

        2 replies 2 retweets 34 likes
      3. Scott Leibrand‏ @scottleibrand 4 Jan 2019
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        Replying to @davidshor @patio11

        I was thinking about this as a potential way for @boringcompany to quickly profit off building new tunnels: they could buy up land anywhere that allowed suitable density, dig Loop lines to there, and sell the land to developers to create self-funded transit-oriented development.

        2 replies 2 retweets 11 likes
      4. 7 more replies
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      2. Mitch Dinkins‏ @MitchDinkins 4 Jan 2019
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        Replying to @patio11 @benthompson

        Also important to note homes in Japan aren’t appreciable assets. They typically are leveled and rebuilt every 30 years so there are not many incentives for owners to horde them.

        2 replies 3 retweets 27 likes
      3. krisadhikari‏ @krisadhikari 4 Jan 2019
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        Replying to @MitchDinkins @patio11 @benthompson

        This is why Tokyo housing is affordable. SJ/SF's problem is rampant speculation, an accelerator to scarcity, but scarcity isn't the driver. Increased supply will never solve affordability for the working class, but it will definitely ease the highest rents, still helping some

        2 replies 0 retweets 7 likes
      4. 8 more replies

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