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So the solution is to make building housing harder?
In which Jon Elberling argues that we should not allow the creation of market rate housing because developers won't want to build it anyway.pic.twitter.com/K3MwXSMELl
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Private market failure to build is one reason why CA/cities need to step up and build the housing needed for an Inclusive Bay Area.
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No, the private market has not been allowed to build the inclusive bay area. Step one is to simply ALLOW more building.
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then why bother oppose development, if banks won't invest in it anyway ... ?
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Yeah... I can't think of any examples of capitalists over investing in a hot commodity...
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hazzah!! He agrees building more will lower rents!!!
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That's the point.When private market lags,gov needs to step up&build. Current landlord tax subsidies could be redirected
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when no one else wants to build is when municipalities, nonprofits and others can pounce. indeed not easy
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