Hyp: when urban residential real estate becomes 1% speculation/capital storage asset, 99% must become nomadic
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Replying to @vgr
In this picture seems like AirBnB has to be a net good. Acts like a derivative instrument to reliquefy unused stock for partial local value
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Replying to @vgr
Thought experiment: you only allow ownership with no capital controls stopping remote ownership. And no AirBnB. Cities would necessarily die
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Replying to @vgr
i'm not so sure; most US cities have homeownership rate of 60%-70% . presumably some renters are choice so can afford to own
3 replies 0 retweets 0 likes
Replying to @fire__exit
Does that hold for biggest, hottest metro areas with most economic opportunity and most critical growth problems?
10:25 AM - 7 Aug 2016
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