• SCB@lemmy.world
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    1 year ago

    Capital wants to build more in Cali. Residents don’t.

    Capital is right, again.

    • PostmodernPythia@lemmy.world
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      1 year ago

      Some capital does. Some capital opposes building in Cali. I mean, it’d (rightfully) destroy the value of a lot of beautiful homes used in part as investment vehicles. Otherwise, why would anyone be concerned with property values?

      • SCB@lemmy.world
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        1 year ago

        Am i crazy or is real estate an asset but not generally considered capital colloquially?

        I get your take, that people use homes a investments, strongly oppose the icept that homes should appreciate in value