Jim Dalrymple II Profile picture
Journalist. Housing for @Inman. Nuclear Meltdown, a blog on family. Occasional commentary in @Deseret & @famstudies. Formerly on the chaos beat @BuzzFeedNews
Nov 30, 2022 4 tweets 2 min read
"an urban doom loop could ensue, whereby lower property tax revenues beget lower spending and higher taxes"

yikes

nytimes.com/2022/11/30/opi… Image Even Ed Glaeser — the Harvard economist who wrote "Triumph of the City, and who is cited in this piece as a "less pessimistic" source — sounds pretty pessimistic Image
Sep 23, 2021 19 tweets 4 min read
So this tiktok about companies like Zillow potentially manipulating the housing market has been making the rounds (2.2m views etc). The premise is that companies will buy up all the houses and then use their clout/resources to drive up the prices (thread) It raises two questions:
1) Is this happening now?
2) Could this happen in the future?

Right now, the answers seem to be 1) not so much, and 2) not for quite a while.