That is not a significant part of the sf real estate story and even if it is - think it through. <div><br></div><div>You're positing a pool if money that wants to invest in upscale sf real estate. There is a market for some x number of sq ft that people want to buy and keep empty. </div>
<div><br></div><div>All the better we build new real estate in the sky for them to buy and keep empty!!! Otherwise they'll buy already existant stuff, again, possibly actually displacing people. </div><div><br></div><div>
<br></div><div><br>On Tuesday, May 20, 2014, Marcus Owens <<a href="mailto:owens.marcus@gmail.com">owens.marcus@gmail.com</a>> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr"><div>I don't know about the bay area but the phenomenon of luxury buildings that are scarcely inhabited is a function of the current market based in finance and speculation:<br></div><div><br></div><div>
<a href="http://www.nytimes.com/2013/02/12/nyregion/paying-top-dollar-for-condos-and-leaving-them-empty.html?_r=0" target="_blank">http://www.nytimes.com/2013/02/12/nyregion/paying-top-dollar-for-condos-and-leaving-them-empty.html?_r=0</a><br>
</div><div><br></div><div><a href="http://www.nytimes.com/2013/04/02/world/europe/a-slice-of-london-so-exclusive-even-the-owners-are-visitors.html" target="_blank">http://www.nytimes.com/2013/04/02/world/europe/a-slice-of-london-so-exclusive-even-the-owners-are-visitors.html</a><br>
</div><div class="gmail_extra"><br></div><div class="gmail_extra">Just pointing out that high-end development shouldn't be expected to trickle down, at least within our lifetimes, or without radical political change. These sorts of buildings won't be going up in West Oakland, though. </div>
<div class="gmail_extra"><br></div><div class="gmail_extra">m<br><br><div>On Tue, May 20, 2014 at 8:56 PM, Jehan Tremback <span dir="ltr"><<a>jehan.tremback@gmail.com</a>></span> wrote:<br>
<blockquote style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">Marcus- Do you have some examples of these uninhabited luxury projects in the Bay Area?</div><div>
<div><div><br><br><div>On Tue, May 20, 2014 at 8:16 PM, Marcus Owens <span dir="ltr"><<a>owens.marcus@gmail.com</a>></span> wrote:<br>
<blockquote style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr">Suburban living is not conducive generating value in an innovation/cognitive economy. The suburbs, and the externality of time spent in commute, like increasing privatization in other spheres, will be the burden of the poor in the future. <div>
<br></div><div>Just saying "rich people should live in the suburbs" is not only dumb but it obscures the actual dynamics of what is driving contemporary urban development. The mission was working class because a large labor force was needed in the nearby working waterfront and industrial zones. That mode of production is gone and isn't coming back. </div>
<div><br></div><div>That's why as Sonja says we need to use the excess capital now to build as much housing and infrastructure as possible in ways that is socially and environmentally acceptable. Unlike Sonja I don't think speculative luxury projects trickle down, but are rather flipped from investor to investor and never inhabited. </div>
<span><font color="#888888">
<div><br></div><div>m</div></font></span><div><div><div><br><div>On Tue, May 20, 2014 at 6:20 PM, Andrew <span dir="ltr"><<a>andrew@roshambomedia.com</a>></span> wrote:<br>
<blockquote style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div>"Forcing people into the suburbs is bad for those people, and bad for the
environment. If you're anti urban development, you're pro-freeway."<br><br></div>I'm pro subway, we should have an actual one in the bay area. at this point rich people should be living in the suburbs not in the cities. I mean this is a tech boom. Which means for most jobs that are making a ton a money you can work anywhere, so work from your swanky apartment in Concord or Walnut Creek, not in The Mission. Makes sense to me.<br>
</div><div><div><div><br><br><div>On Tue, May 20, 2014 at 4:41 PM, The Doctor <span dir="ltr"><<a>drwho@virtadpt.net</a>></span> wrote:<br>
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On 05/17/2014 12:17 PM, Sonja Trauss wrote:<br>
<br>
> The causation is backwards here. The rich people are coming/ here<br>
> no matter what. THATS WHY developers and cities want to build. They<br>
> see an<br>
<br>
</div>The argument can be made that people are coming here because they can<br>
afford it, and they think that starting here will give them a chance<br>
to get rich.<br>
<br>
- --<br>
The Doctor [412/724/301/703] [ZS]<br>
Developer, Project Byzantium: <a href="http://project-byzantium.org/" target="_blank">http://project-byzantium.org/</a><br>
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