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Upzone the coastal elites @aboutdave.bsky.social · 4h

An abundance of landlords are forced to compete. That's a good thing.

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Upzone the coastal elites @aboutdave.bsky.social · 4h

Landlords win when builders are not free.

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Upzone the coastal elites @aboutdave.bsky.social · 5h

Nah, that's too generous. Closer to:

"I know what's easier than having one kind of capital fight another, fighting all capital to the death"

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Upzone the coastal elites @aboutdave.bsky.social · 5h

"I know what's easier than fighting capital, fighting capital."

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Upzone the coastal elites @aboutdave.bsky.social · 5h

I'm not willing to give up on improving the amount of housing available while we wait for a socialist revolution. Even then, there's a structural deficiency of homes. We'd be trading prices for wait-lists.

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Upzone the coastal elites @aboutdave.bsky.social · 6h

That's not at all how abundance works.

Density should be apartments and condos.

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Upzone the coastal elites @aboutdave.bsky.social · 6h

I answered this.

bsky.app/profile/abou...

Upzone the coastal elites @aboutdave.bsky.social · 6h

I am not a renter right now. I may be in the future. I don't want to be forced into either being an owner or a rental.

choice through abundance

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Upzone the coastal elites @aboutdave.bsky.social · 6h

I am not a renter right now. I may be in the future. I don't want to be forced into either being an owner or a rental.

choice through abundance

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Upzone the coastal elites @aboutdave.bsky.social · 6h

I wouldn't want whether I can afford a home to come about because it was illegal for that home to be a rental.

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Upzone the coastal elites @aboutdave.bsky.social · 6h

Not everyone wants to buy every home they're going to live in during their life.

I own my current home, although I genuinely think that's irrelevant to this discussion.

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Upzone the coastal elites @aboutdave.bsky.social · 6h

I'm saying that aspect of your approach is zero sum.

I want people to be able to afford either option. Both renting and owning can be cheaper with abundance.

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Upzone the coastal elites @aboutdave.bsky.social · 6h

I want to reduce housing costs for all, not in the zero sum sense of hurting renters to benefit owner occupiers.

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Upzone the coastal elites @aboutdave.bsky.social · 6h

What happens to renters there?

What happens when a neighborhood only allows owner-occupiers?

Higher rents in the remaining locations and an inability for renters to live in certain neighborhoods. Bad!

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Upzone the coastal elites @aboutdave.bsky.social · 11h

I get that it helps people buy homes, at the expense of having less rental homes. So that's bad.

But I think it also hurts builders, because now they can't sell to some entities. Double bad.

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Upzone the coastal elites @aboutdave.bsky.social · 11h

So let's circle back.

How does blocking private equity help build housing?

bsky.app/profile/eiko...

Daniel 🦁 @eikonos.bsky.social · 1d

private equity should not be allowed to own residential at all

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Upzone the coastal elites @aboutdave.bsky.social · 11h

We still need to reform the pro-housing designation, but the clean CEQA bill was awesome. And now we have sb79.

Oh yeah.

patrick star from spongebob says oh yeah in white letters

ALT: patrick star from spongebob says oh yeah in white letters

media.tenor.com

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Upzone the coastal elites @aboutdave.bsky.social · 11h

HCD enforcement on the issue started strong, with a technical assistant letter confirming they had just 30 days under CEQA law to make exemption determinations.

Then went to shit as HCD ignored continued violations, and even violated HCD's own rules to hand them a pro-housing designation.

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Upzone the coastal elites @aboutdave.bsky.social · 11h

I started my housing advocacy by showing up to Berkeley zoning boards, highlighting their staff reports included a CEQA exemption determination, but they had blown by the PSA deadlines that triggered.

They illegally stopped giving those determinations to avoid the consequences.

That's over now.

Jordan Grimes @cafedujord.bsky.social · 12h

Important to remember that not only did we pass #SB79, the biggest transit-oriented upzoning bill ever, we also passed a clean CEQA exemption for new multifamily infill housing.

This is, bar none, the biggest year in state action on housing policy reform in California history. Not even close.

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Upzone the coastal elites @aboutdave.bsky.social · 11h

Builders will come out of the woodwork if we let them.

Upzone the coastal elites @aboutdave.bsky.social · 11h

I don't care, it's an existential crisis.

Thankfully, Newsom signed sb79.

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Upzone the coastal elites @aboutdave.bsky.social · 11h

Bingo. Private equity is powerless in the face of the homeowner cartel.

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Upzone the coastal elites @aboutdave.bsky.social · 11h

Yeah, and that particular purpose was segregation and exclusion.

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Upzone the coastal elites @aboutdave.bsky.social · 12h

Ok, your first said we were building, which implied we'd taken significant steps, or even as many steps as possible, to make housing legal.

And we haven't. Just barely started reforms.

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Upzone the coastal elites @aboutdave.bsky.social · 12h

Private equity has basically zero control over zoning in our cities.

Private equity didn't make the LA city council oppose sb79.

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Upzone the coastal elites @aboutdave.bsky.social · 12h

False.

www.latimes.com/business/sto...

Almost no one is building new apartments in Los Angeles. Here's why

The supply of fresh rental units, which make up the bulk of new housing in Los Angeles, is petering out despite robust demand.

www.latimes.com

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