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pcwalton's profile
Patrick Walton
Patrick Walton
Patrick Walton
@pcwalton

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Patrick Walton

@pcwalton

Research engineer at Mozilla

San Francisco, CA
pcwalton.github.io
Joined November 2009

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    1. CarrickDB‏ @carrickdb 1 May 2019
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      Replying to @mitsuhiko @pcwalton and

      How did Vienna manage to have sufficient supply?

      1 reply 0 retweets 0 likes
    2. Armin »not the flu« Ronacher‏Verified account @mitsuhiko 1 May 2019
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      Replying to @carrickdb @pcwalton and

      Most housing stock are from cooperatives and council housing originally the latter was funded by a special tax. They destroyed the market by capping rents and bought up plots of land that dropped in value with the newly introduced tax.

      1 reply 0 retweets 1 like
    3. Armin »not the flu« Ronacher‏Verified account @mitsuhiko 1 May 2019
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      Replying to @mitsuhiko @carrickdb and

      later (today) it's a more complex topic. I for instance bought a flat but the first three floors of my condo are from a cooperative with subsidies. There is a max household income associated with renting there, but you also have a purchase option if you stay for 10 years.

      3 replies 0 retweets 1 like
    4. CarrickDB‏ @carrickdb 1 May 2019
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      Replying to @mitsuhiko @pcwalton and

      I’m really shocked that the developers and homeowners allowed this to happen.

      1 reply 0 retweets 0 likes
    5. Armin »not the flu« Ronacher‏Verified account @mitsuhiko 1 May 2019
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      Replying to @carrickdb @pcwalton and

      I think for homeowners it's great. One of the effects is that since many houses have a public aspect to it, you also get to benefit from it in other ways. As an example all new build multi unit houses with subsidies in the area have public playgrounds you can use as well.

      1 reply 0 retweets 2 likes
    6. Armin »not the flu« Ronacher‏Verified account @mitsuhiko 1 May 2019
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      Replying to @mitsuhiko @carrickdb and

      one interesting aspect i think is that we have strong limitations here on the maximum size of a building. They all top out at 9 floors. Only in specific high rise areas you can build higher. Strongly supports reducing house prices. Flats in highrises are impossible to sell cheap.

      1 reply 0 retweets 0 likes
    7. Patrick Walton‏ @pcwalton 1 May 2019
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      Replying to @mitsuhiko @carrickdb and

      That’s not how it works here in California. Low-rise single family homes are way more expensive than any condo.

      1 reply 0 retweets 0 likes
    8. Armin »not the flu« Ronacher‏Verified account @mitsuhiko 1 May 2019
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      Replying to @pcwalton @carrickdb and

      both high rises > 9 floors and single homes are the worst pricing wise. High rises suffer from a lot of extra associated cost for both fire safety (real estate lost to staircases, elevator core) and extra infrastructure concerns.

      2 replies 0 retweets 0 likes
    9. Patrick Walton‏ @pcwalton 1 May 2019
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      Replying to @mitsuhiko @carrickdb and

      Santa Monica, for example. First screenshot is houses. Second is condos.pic.twitter.com/18jMx5AbQi

      1 reply 0 retweets 0 likes
    10. Patrick Walton‏ @pcwalton 1 May 2019
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      Replying to @pcwalton @mitsuhiko and

      That’s not even the worst of it. If I showed you Beverly Hills or Palo Alto instead you’d probably think I was deliberately picking cases to make single family homes look bad. :)

      2 replies 0 retweets 0 likes
      Patrick Walton‏ @pcwalton 1 May 2019
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      Replying to @pcwalton @mitsuhiko and

      Westside L.A. is actually an interesting case study because during the 1970s/1980s downzoning, Palms (where I lived for a while) was exempted and remains zoned for multifamily. Now it’s one of the more affordable and most diverse districts on the westside.

      3:29 PM - 1 May 2019
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