2 ms·
Two reasons: 1) it's bad long-term (the doom loop exists because no one can get skin in the game, and all of the houses are owned by people who see it as a phys
by phendrenad2 3y ago
Two reasons: 1) it's bad long-term (the doom loop exists because no one can get skin in the game, and all of the houses are owned by people who see it as a physical 401k) 2) SF is damaging the region, by being a bad citizen and hoarding all of the investment that has been poured into it in the last 40 years. Think of it as a museum that suddenly jacks the price of admission up by 10000% because some billionaire bought it and wants it to be their private collection.