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Apr 20, 2019 8 tweets 4 min read
@dradambanks The entire valuation makes no economic sense. Racism is central to the sys of housing valuation (& racist allocation of communal resources.) *Plus, as a widget, it is used, deteriorating, its systems wear out, grow less efficient/obsolete over time. Why shd it increase in value? @dradambanks Banks make more $ based on the loan amt. The reason GOp/Reagan privatized public housing was so the banks cd double dip on the financial products: a) interest on the construction loan, then b) tax write offs for capital supplied to build projects. This also adds cost btw..