Eric23332 retweeted
working on a theory that US intervention in the middle east is correlated to 11 year solar cycle of sunspot activity
Combine this with the finding that "every 100 market-rate units cause 70 affordable units to be opened up", and every affordable unit you require actually removes ~2 affordable units from the entire market
minneapolisfed.org/article/2…
@ShaneDPhillips
Housing filtering down: Constructing 100 new market-rate units leads to 70 new vacancies in lower-income neighborhoods
minneapolisfed.org/article/2…
Eric23332 retweeted
New apartments cause a 'chain reaction' that benefits the poor, but I was shocked to find out just how quickly.
This Swedish study found that while the rich move into fancy new homes, the place they left empty was most likely to be taken up by the bottom 20%.
Eric23332 retweeted
There are cities that build lots of housing and where housing is cheap (green).
There are cities that build little housing and are expensive (purple).
There is no city in America that builds lots of housing and is also expensive. That giant red box is completely empty.
Eric23332 retweeted
Places w/ higher rates of poverty, don’t have more homelessness (left)
Places w/ higher rates of mental illness, don’t have more homelessness (top right)
Places w/ higher rents, *DO* have more homelessness (bottom right)
Bottom line: The root cause of homelessness is housing.
Eric23332 retweeted
it never ceases to amuse/frustrate me that Blackstone says “blocking housing construction makes us money because it keeps supply tight” and then self-proclaimed socialists respond, “you got it, boss, let’s block housing construction” – at San Francisco, CA
Anyway big financial investors like Blackstone are telling their shareholders that the REASON they’re buying up as many homes as they can is because “new supply has remained significantly lower than new household formation for the last decade.”
Source: breit.com/2021-breit-annual-…
Eric23332 retweeted
Places like Mississippi, Alabama, and West Virginia have drug addiction, mental illness, poverty, low wages, unemployment, domestic violence, but extremely low rates of homelessness — because while all of these factors contribute to homelessness, the #1 factor is housing costs.
Eric23332 retweeted
One condo like this one saves over two square mile of wilderness from suburbs sprawl. 🌲
500 homes for well over 1000 residents in one building, vs suburbs with 500 people per square mile. – at Brooklyn, NY
Eric23332 retweeted
The evidence cannot be clearer: Google Street View causing COVID-19. #correlation #causation #conspiracy #COVID19
