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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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    1. Patrick McKenzie‏ @patio11 5 Dec 2017
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      Patrick McKenzie Retweeted #TestAndTrace Smith  🐇

      On fundamental tensions between class interests regarding housing:https://twitter.com/noahpinion/status/937747372284682240 …

      Patrick McKenzie added,

      #TestAndTrace Smith  🐇Verified account @Noahpinion
      OMG I just had a thought. (I know, occasionally it still happens). In Japan, workers get seniority-based raises. In America they often don't. So HOUSE PRICE APPRECIATION became the vehicle by which Americans turned age into dignity.
      Show this thread
      1 reply 18 retweets 67 likes
      Show this thread
      Patrick McKenzie‏ @patio11 5 Dec 2017
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      We can choose to have a society where homes are designed to appreciate, or we can choose a society where homes are ubiquitous and inexpensive, but we cannot do both in the same place at the same time.

      10:14 AM - 5 Dec 2017
      • 32 Retweets
      • 95 Likes
      • Baud'Dib Kurtz Diego Henrique Corry, Adversary of Tyrants Kai Kontio Tomiwa 😃 Durchlass Kilometer 5,698 Cem Kesemen Gareth Bedford
      7 replies 32 retweets 95 likes
        1. New conversation
        2. Jaim Zuber‏ @jaimzuber 5 Dec 2017
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          Replying to @patio11

          How do you choose a society where homes are ubiquitous & inexpensive? Are there examples other than places where people don't want to live and don't have money for housing?

          1 reply 0 retweets 0 likes
        3. Patrick McKenzie‏ @patio11 5 Dec 2017
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          Replying to @jaimzuber

          Tokyo for one, which definitely doesn’t have no one wanting to live it it.

          1 reply 0 retweets 4 likes
        4. 2 more replies
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        2. Colin Percival‏ @cperciva 5 Dec 2017
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          Replying to @patio11

          Multiple senior politicians in Canada have recently said that they "want to make housing more affordable," before continuing in the same sentence "but don't want to reduce the equity people have built up in their homes".

          2 replies 1 retweet 6 likes
        3. Joseph Lord‏ @jl_hfl 5 Dec 2017
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          Replying to @cperciva @patio11

          Closest possible option for this is wage and goods inflation, static house prices (restrict lending levels to prevent house prices rising).

          1 reply 0 retweets 0 likes
        4. 5 more replies
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        2. Ben Kester‏ @BenKester 5 Dec 2017
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          Replying to @patio11

          How do we design homes to appreciate?

          3 replies 0 retweets 0 likes
        3. Kirk Byers‏ @kirkbyers 5 Dec 2017
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          Replying to @BenKester @patio11

          Zoning laws that restrict development in areas with a lot of housing demand...come see any San Francisco government meeting on a large new development.

          0 replies 0 retweets 6 likes
        4. End of conversation
        1. Eric w/ one wild life‏ @MutualArising 5 Dec 2017
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          Replying to @patio11

          Yes as long as houses are the fundamental way that many Americans can save money for old age and pass on something to their kids there is a vested interest in keeping them scarce.

          0 replies 0 retweets 1 like
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        2. Daniel Trubman‏ @dmtrubman 5 Dec 2017
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          Replying to @TheMichaelBurge @TaurineAndCode @patio11

          Yeah, but people don't own land, they own a housing unit. Allowing density would indeed increase the value of land, but lower the value of each individual housing unit.

          1 reply 0 retweets 1 like
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        1. Michael‏ @mmay3r 5 Dec 2017
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          Replying to @patio11

          Their American dream becomes your American treadmill

          0 replies 0 retweets 0 likes
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