No one fully appreciates how volatile income is. People get raises, they become unemployed or disabled, they marry or divorce, they retire, they appear temporarily rich from an asset sale, etc.
Nearly half of this year's top 1% will not be in next year's top 1%:
Ricco
20K posts
- Replying to @MattZeitlinyeah, this is exactly what's going on behind those posts that're like "ok but grocery shopping is literally more expensive than eating out??"
- Replying to @bobbyfijanamong other things these terraces are great for proposals 😎
- Replying to @RollingStone"pea coat" is a hilarious tell here, proof that they can't even be bothered to update the signifier madlibs in decade-old recycled memes
- Philadelphia is probably the only North American city that develops on tiny streets narrower than most alleys (2014 vs 2016)
- If I were SEPTA I would simply run my heavy rail operations at a usable frequency.
- Remember: any policy vision that centers around using homeownership as a vehicle for building wealth has to reckon with the fact that housing is one of the only assets with a return that depends on the race of the ownerThis is amazing research that demonstrates how the impact of segregationist policies linger long after the policies are *officially* abolished. The devaluation of assets in black neighborhoods brook.gs/2Ad4ICL via @BrookingsInst
- Great profile of Philly's affordable SFH vernacular, the Trinity: philly.com/philly/hp/news…
- Amazon does the exact thing that shareholder revolution critics want American businesses to do — invest more out of retained earnings at the expense of immediate payments to shareholders — and still catches flack 🤷♂️
- I'm a broken record on this, but: the only thing that has allowed DC to prevent a SF-style housing crisis has been the political ability to build on low-hanging fruit brownfield-ish sites. And when that's eaten up? 😬😬😬Former DC Mayor Anthony Williams, on why the area around Nationals Park boomed and gentrified: “I couldn’t push for more density in Northwest because those are the voters who brought me to the dance.” washingtonpost.com/classic-apps/t…














