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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.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 4 Jan 2019

      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 
      19 replies 363 retweets 1,343 likes
      Show this thread
    2. Patrick McKenzie‏ @patio11 4 Jan 2019

      Most important part of the puzzle:pic.twitter.com/Kzdl47HIZ9

      3 replies 20 retweets 209 likes
      Show this thread
      Patrick McKenzie‏ @patio11 4 Jan 2019

      We having baying hordes who advocate for and get scarcity and then wonder why we have no abundance. Truly it is a mystery.

      9:01 PM - 4 Jan 2019
      • 41 Retweets
      • 338 Likes
      • はるやま 🐲 Joachim Schipper Aidan A. Lee Dan Akshay Chalana Cliff Bargar g dub sww1235
      5 replies 41 retweets 338 likes
        1. New conversation
        2. Scott Tadman‏ @tadmanter 4 Jan 2019
          Replying to @patio11

          Is the “oh, no, my property values!!one!” thing not a factor in Tokyo? North America’s addiction to mortgages is killing cities.

          1 reply 0 retweets 0 likes
        3. Stephen Judkins‏ @stephenjudkins 4 Jan 2019
          Replying to @tadmanter @patio11

          The Japanese norm is for housing to depreciate and financing is meant to work with this

          1 reply 0 retweets 2 likes
        4. Show replies
        1. New conversation
        2. Count of Negroni‏ @GIGACHURCH 4 Jan 2019
          Replying to @patio11

          Individual Americans have so much of their net worth tied up in housing, in part because of the mortgage tax deduction and other policies. I presume Japan doesn’t have this structural issue?

          1 reply 0 retweets 0 likes
        3. Jim Weisser‏ @jimbudweisser 5 Jan 2019
          Replying to @GIGACHURCH @patio11

          Mortgage tax deductions exist here too. More “one and done” house purchases (ie no starter home-you rent first) plus Tokyo dwarfs any other first world city in scale. Size is much smaller, but useable area not that different imo.

          0 replies 0 retweets 1 like
        4. End of conversation
        1. Joakim‏ @JoakimRi 5 Jan 2019
          Replying to @patio11

          We have much of the same policies and popular opinion that housing prices should always trend upward here in Norway, but everyone wants their kids to afford a house. Does this require politicians to commit seppuku, and take the fall for to fix?

          0 replies 0 retweets 3 likes
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        1. Pedal Love‏ @PedalLove 5 Jan 2019
          Replying to @patio11

          This is it! Brilliantly said.

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Sean Broderick‏ @sean_broderick 6 Jan 2019
          Replying to @patio11

          @davidmcw an Irish economist called people like this part of 'BANANA' republic. Build absolutely nothing, near anywhere, near anything

          2 replies 4 retweets 15 likes
        3. Kev‏ @kevkeary 6 Jan 2019
          Replying to @sean_broderick @davidmcw @patio11

          No. It's Build Absolutely Nothing At All Near Anything.

          0 replies 0 retweets 0 likes
        4. End of conversation

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