4 ms·
> New developments blocked by renters. I wonder how much of this is renters who feel they are just one IPO or acquisition away from being owners.
by babyshake 4y ago
> New developments blocked by renters.
I wonder how much of this is renters who feel they are just one IPO or acquisition away from being owners.
- JumpCrisscross 4y ago> wonder how much of this is renters who feel they are just one IPO or acquisition away from being owners I don't think they're the ones protesting. One, it's irrational: if a windfall is around the corner, you want prices temporarily depressed. Two, political nihilism and detachment have been fashionable among San Francisco's political middle class for a few decades now. They are more likely to be proudly refusing to vote than attending town halls, speaking to their electeds or participating in protests. (I say this with sardonic affection for dear friends.) The second point is starting to change. But culture has inertia. It will take time.