So strange that people think allowing more development will increase income inequality. That's backwards. http://online.wsj.com/article/SB10001424127887324123004579059483893443404.html …
@binarybits bc it creates rent control-free units, increases profits of landlords, accelerates gentrification?... but it's a complex problem
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@sarahjeong i dont think "accelerates gentrification" is right.@smithsj had a good piece on this a while back. -
@binarybits I don't think it's quite true (why are condo dwellers moving to Oakland?) but it's not an unfair assessment to make -
@sarahjeong i dont know anything about condo dwellers moving to oakland.
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@sarahjeong if you dont create new housing then rich people bid up the price of existing housing. -
@binarybits It's not as simple as that if you have rent control and/or strict pro tenant laws. -
@sarahjeong well sure, but not everyone can have a rent controlled apartment.
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