Discover and read the best of Twitter Threads about #itsthespeculationstupid
Most recents (4)
“Blackstone Prepares A Record $50 Billion To Snap Up Real Estate During The Coming Crash”
The market at work.
Anyone who says we can build our way out of it needs their head examined or is a real estate industry lobbyist.
Again: #ItsTheSpeculationStupid
zerohedge.com/markets/blacks…
The market at work.
Anyone who says we can build our way out of it needs their head examined or is a real estate industry lobbyist.
Again: #ItsTheSpeculationStupid
zerohedge.com/markets/blacks…
This is our new reality.
Homes are being bought by private equity firms WHILE they’re in construction.
Entities crowdfund w/small investors throughout America to buy apt bldgs in gentrifying n’hoods.
Everything short of strong anti-speculation policy is just messing around.
Homes are being bought by private equity firms WHILE they’re in construction.
Entities crowdfund w/small investors throughout America to buy apt bldgs in gentrifying n’hoods.
Everything short of strong anti-speculation policy is just messing around.
And again: when putting together the plan for @liberty_clt I said if there is to be a Black Los Angeles our goal has to be to take as much land off the speculative market as fast as possible.
Nothing else will work folks. NOTHING.
#DecommodifyHousingNOW
Nothing else will work folks. NOTHING.
#DecommodifyHousingNOW
Great story a/b DC 11th Street Bridge Park Ive loosely followed for yrs. Spotlights the challenge of bringing necessary infrastructure in gentrifying city in hypercommodified housing era.
Sad fact: any such improvement for marginalized residents can lead to their displacement /1
Sad fact: any such improvement for marginalized residents can lead to their displacement /1
We’ve learned this lesson with CrenshawLAX light rail. #DestinationCrenshaw & Rail-to-River look to be just as bad.
There’s so much political support for these projects & nearly none for challenging the speculative real estate reality we live in. #ItsTheSpeculationStupid
/2
There’s so much political support for these projects & nearly none for challenging the speculative real estate reality we live in. #ItsTheSpeculationStupid
/2
The policies (& capital) necessary to give communities a fighting chance remain politically impossible to advance & the money to stabilize the communities isn’t coming.
Every tool & lots of $$$ is needed.
The money committed to Ward 8 is record-breaking, but it’s not enough.
/3
Every tool & lots of $$$ is needed.
The money committed to Ward 8 is record-breaking, but it’s not enough.
/3
YIMBYs really talk like they were all born in 2014.
Pre-2008 crisis large swaths of America’s major cities had “affordable homeownership.”
What has changed is the movement & creation of industry (esp those for migrant workers), and assetization/hypercommodification of housing.
Pre-2008 crisis large swaths of America’s major cities had “affordable homeownership.”
What has changed is the movement & creation of industry (esp those for migrant workers), and assetization/hypercommodification of housing.
Phoenix is in a building spree & has loads of developable land
Austin bldg is outpacing pop growth
SF has seen a 6% pop decline
Detroit pop been declining for decades & has 24% vacancy!
Yet they ALL featured big home prices increases pre-rate rise.
#ItsTheSpeculationStupid
Austin bldg is outpacing pop growth
SF has seen a 6% pop decline
Detroit pop been declining for decades & has 24% vacancy!
Yet they ALL featured big home prices increases pre-rate rise.
#ItsTheSpeculationStupid
I feel like every conversation with a YIMBY should begin with: “Are you old enough to remember when Black people could afford to buy a home in the inner city?”
Going thru Dem presidential candidate housing platforms
Does anyone seek 2 severely regulate/ban big investors (private equity/foreign wealth) or small (flippers) that are manipulating the housing market?
Do they even provide lip-service?
Let’s see...
#ItsTheSpeculationStupid
Does anyone seek 2 severely regulate/ban big investors (private equity/foreign wealth) or small (flippers) that are manipulating the housing market?
Do they even provide lip-service?
Let’s see...
#ItsTheSpeculationStupid
Let’s start w/the currently considered gold standard: @BernieSanders #HomesForAll
Sum talk a/b Wall Street investors but is his proposed solution strong enuf?
Also, he’s unfortunately in the blanket upzoning camp so w/flipper tax isn’t that 1 step fwd but 2 steps back?
Sum talk a/b Wall Street investors but is his proposed solution strong enuf?
Also, he’s unfortunately in the blanket upzoning camp so w/flipper tax isn’t that 1 step fwd but 2 steps back?
.#BernieSanders2020 calls for natl rent control & that will definitely curb some speculation, but it is without vacancy control. See Oakland, San Francisco, Berkeley & Santa Monica for the effects of strong rent control without vacancy control.
