Chíos

	Conor Dougherty @ConorDougherty	22 de xuño
	Respondendo a @ConorDougherty They confuse "mongo" for "goofy" I should say.
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	Conor Dougherty @ConorDougherty	22 de xuño
	I started Bosch on Amazon and it's pretty good but, man, in Season 1 they confuse "goofy" for "mongo" and it's just so fatal. Also, as a proud goofy footer, I'm offended. #SkateTwitter
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo @AaronPeskin Sorry. Meant valuable private property. One thing SF could do to build more affordable housing is develop city land.
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo @AaronPeskin To believe that investors are driving all or even most of price increases is to believe that there aren't a lot of rich tech people moving to SF. Investors are merely a symptom of another source of demand.
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo @AaronPeskin Bay Area home price = median US in 1970, 50% higher by 1980. So this has happening for 40 years. There's almost no rule a city can pass to prevent investors from wanting valuable public property. They can however try to enact policies to make it less valuable (ie build more).
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo But even Blackstone and them. Are homeowners competing with them, or are they competing with renters? Until we ask the root questions about why the capital is going what it's doing, we are going to be chasing the dragon.
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo It's a perfect story that began in 1979. I mean, BRIDGE housing and others were building Affordable teacher housing in like 1983.
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo I'll be the first to say that flippers are arbitraging income inequality and that society needs to find ways to affordably house its local workforce at all levels. But there has to be a shortage for them to have something to arbitrage.
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo Of course. But the only reason the flipper is there is that the $1.4 million homeowner is swimming in the market looking for something. There's no giant market for $1.4 million flippers in Cleveland.
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo What I'm saying is that lots of people who want homes that look like they were in Dwell want to live in SF, b/c SF has tons of new jobs for those people. I don't think investors are driving that. I think they're following it.
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @DanImmergluck @ShawnBucholtz e 2 outros There's a broker for institutionals in story and it doesn't say this but he was indeed in the suburbs. That said, the hard money lenders (KKR, etc) you could argue are Wall Street in some capacity. There's usually a rush of capital somewhere since most ppl can't just buy in cash
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @ColonelKSpeaks I always kind of wonder how it works with NBA prospecting. With skating you're always like "wow that kid rips, I wonder if he'll ever shake that little kid style."
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo I'm not 100% certain which it is here. Maybe a bit of both.
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo I guess the question is: What force is predominantly making the price go up? Is it investors trading to other investors? Or is it that Atlanta is booming city with solid job growth and more people who want to live there than great neighborhoods in which to put them?
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo Maybe it's too many years on the econ beat but I make a sharp distinction on people who are purely betting on the price of something (like gold buyers) and people who are fundamentally betting they can sell something to someone
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	Conor Dougherty @ConorDougherty	21 de xuño
	Respondendo a @marymcnamara @fmanjoo Yes but if the flippers can find an end buyer, they're technically not speculating. They're just selling a thing somebody else wants.
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	Conor Dougherty @ConorDougherty	20 de xuño
	Respondendo a @ClaytonNall @damienISgoodmon So, I'm not exactly issuing a mea culpa here. Supply is still a huge issue. I'm just saying there's quite a lot going on and it helps to hit lots of themes and angles to the same basic phenomenon.
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	Conor Dougherty @ConorDougherty	20 de xuño
	Respondendo a @marymcnamara @fmanjoo It just means there might still be a fundamental problem of scarcity. It's not as if investors are bidding up worthless stuff.
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	Conor Dougherty @ConorDougherty	20 de xuño
	Respondendo a @marymcnamara @fmanjoo None of that means Atlanta or SF or (the Feds) shouldn't do more for tenants and Affordable Housing.
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	Conor Dougherty @ConorDougherty	20 de xuño
	Respondendo a @marymcnamara @fmanjoo I'm not entirely sure this is "speculation" in the classic sense. That is a lovely home near a major US downtown in a region with booming job growth and a huge infrastructure project coming in nearby. It's not surprising people think that land should be worth more.
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