"Then I'll ignore that my home value appreciation implies newcomers must be rich to join my community, complain it's no long affordable, blame builders of new housing & make others pay to subsidize housing that fits my notions of affordability while I enjoy my real estate equity. https://twitter.com/ByRosenberg/status/955900127184474112 …
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Replying to @kimmaicutler
Honest question - whats the solution here? I see this situation as untenable on both sides for both very valid reasons.
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Replying to @mbesto
As long as people are having more babies above replacement rate in California, resulting in net 300K more people per year in this state, we have to build more housing.
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Replying to @kimmaicutler
Do you own property in CA? (Btw playing devils advocate here)
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Replying to @mbesto
Downzoning is also forcing people to do stuff with the property they own that they might not otherwise choose to do.
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Replying to @kimmaicutler
But you didn't answer the question - do you own property in CA? Would you be willing to take a short term hit to your property value so more people can get let in?
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Replying to @mbesto
I would be willing to forgo what has historically been extreme property value appreciation in exchange for making the Bay Area more accessible and affordable to future generations of Californians.
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Hi, I own property in the Bay Area. I want more development, even at a hit to my property value.
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Replying to @pcwalton @kimmaicutler
Awesome. I mean this in the most sincere way possible - are you actively petitioning your local government to do so?
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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