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No way would homeowners lose money long term if San Francisco turns into Hong Kong. They are land owners first and foremost
by nasmorn 5y ago
No way would homeowners lose money long term if San Francisco turns into Hong Kong. They are land owners first and foremost
- JumpCrisscross 5y ago> No way would homeowners lose money long term if San Francisco turns into Hong Kong In the short term they would. And in the long term, they would gain wealth but lose their iron grip on the city. Never underestimate the seductiveness of power. As long as San Francisco’s renters believe density is impossible or will price them out, homeowners (specifically, about half a dozen families) will retain their lock on the city.
- marnett 5y agoWhich half a dozen or so families are you referring to here?