Dan

[Dan @DanOnTheStreet]

@AlTayWeiss I'm hoping if we get Mayor Nithya, we'll get some accountability in city hall. Or we could bring in Jon Taffer from Kitchen Rescue to yell at the LADWP staff until they get it together

[Dan @DanOnTheStreet]

@lthlnkso Walmart is able to pressure suppliers to charge their competition more so Walmart can have the lowest prices. Walmart also has thousands of employees earning so little that taxpayers help them afford basic necessities through SNAP & Medicaid

[Dan @DanOnTheStreet]

@JMGregorchuk This is the price we pay for prop 13. Great benefit for long-time property owners, but the state makes up for the missing revenue everywhere else.

[Dan @DanOnTheStreet]

We've already built out one of the largest new transit systems in the nation. All we need to do is start building homes that young people and families can afford nearby, and the Olympics could show the world what a more livable, sustainable CA will look like.

[Dan @DanOnTheStreet]

Los Angeles really needs to be building housing at a breakneck pace between now and the 2028 Olympics.

[Dan @DanOnTheStreet]

The world's eyes will be on US, and LA will either serve as an example of the liberal failings that led to Trump, or they'll see the beginning of a new era where the US starts making life better for regular people again.

[Garry Tan @garrytan]

If we don’t build housing, rents really will be 3x higher in 10 years and everyone will be sad

Either we build abundance and translate the tech wealth of the SF Bay Area into livability for everyone or we fall to zero sum NIMBY scarcity

I choose abundance and prosperity

[Dan @DanOnTheStreet]

God forbid a white boy catches an urban vibe in north-central Indiana

[Dan @DanOnTheStreet]

Of all the customer service bots taking bots taking over the economy, which one is your least favorite? I gotta give the crown to the USPS bot, and I say that as a huge USPS fan. Their phone bot has literally made me contemplate converting to an Amish lifestyle

[Dan @DanOnTheStreet]

@michaelheister @lisa_4_la and y'all wonder why nobody takes republicans seriously in CA 😂

[Barrett Linburg @DallasAptGP]

Here's something fascinating happening in the apartment market right now.

The cheapest, oldest apartments (Class C) are getting crushed right now.

But ONLY in cities that just delivered tons of new apartments.

Let me show you the numbers:

Denver: Class C rents down 13.9%
Naples: Class C rents down 13.5%
Austin: Class C rents down 13.3%
Phoenix: Class C rents down 10.5%
San Antonio: Class C rents down 7.2%
Dallas: Class C rents down 6.5%

What do all these cities have in common?

They just absorbed a massive wave of new apartments.
But here's the twist...

In cities that DIDN'T get a big supply wave?
Class C rents are actually RISING.

20 cities saw Class C rents go UP more than 3%.

19 of those 20 cities had supply BELOW the national average.

So what's going on?

It's basically musical chairs.

When a brand new luxury apartment opens up, where do those renters come from?

They don't appear out of thin air.

They move from slightly older apartments.

Those apartments now have vacancies. So they drop their rents to compete.

That pulls in renters from even older apartments.

And down the chain it goes.

Eventually it hits the oldest, cheapest apartments at the bottom.

And here's why they get hit the hardest:

People living in Class C apartments are already spending a huge chunk of their paycheck on rent.

To fill empty units, landlords have to cut prices A LOT.

Sometimes enough to attract people who couldn't afford market-rate apartments before.

It's like a waterfall effect.

The water (new supply) at the top pushes everything down.

But here's the important part:
This proves that building new apartments - even "luxury" ones - reduces rents all the way down the spectrum.

If it was just an affordability crisis, you'd see Class C rents falling everywhere.

In high-supply cities AND low-supply cities.

But we're not seeing that.

We're seeing a perfect split:

Lots of new apartments = falling Class C rents
Few new apartments = rising Class C rents

New supply at the top creates relief at the bottom.

Also: wages have been growing faster than rents for 3 straight years.

More people can afford apartments today than before.

The bottom line?
This is what happens when you actually build housing.

Supply works.

(Chart and analysis from Jay Parsons - one of the sharpest real estate economists out there)

[Dan @DanOnTheStreet]

@PIAccount1 @micsolana Old-school socialism was known for bread lines and prison camps, but democratic socialism has delivered high standards of living, fiscal sustainability, and long, healthy lives. If you can't tell them apart, you're either playing dumb to mislead people, or you're actually dumb

[Dan @DanOnTheStreet]

@PIAccount1 @micsolana I worry you, like many Americans, have a hard time distinguishing between "socialists" like Mao and Stalin and the "democratic socialism" of Norway or Denmark that Zohran and AOC advocate for.

[Dan @DanOnTheStreet]

@tedcruz

[Dan @DanOnTheStreet]

@goatpurple1 @SinaiLawFirm @CohenSite Communities like Santa Monica still have restaurants, grocery stores, cafes, etc. that need employees. Right now, SaMo expects those employees to live miles away and deal with a long, expensive commute, driving the cost of labor through the roof.

[Dan @DanOnTheStreet]

@RichardHanania The difference is that she fled authoritarian, planned-economy communism, which nobody wants in the USA, and her sons support social democratic policies that have been proven to work in dozens countries around the globe, alongside thriving capitalist economies.

[Marilyn Moedinger @mwmoedinger]

As a small business owner, I get my health insurance on the exchanges.

Just found out my 2026 premium will be 37% higher.

Since I first opened my doors in 2013, my premium has increased by 4.5x. And the coverage is way worse.

If this country were serious about supporting small business, it would support affordable insurance and health care.

[Dan @DanOnTheStreet]

Conservatives: am I missing something? I pulled some data on which states have the most and least foreign-born residents, and compared that to health, income, happiness, and safety metrics. Are we sure it's worth $100B / yr to make the green bars look more like the orange bars?

[Dan @DanOnTheStreet]

@Iamherq @RandPaul Bro this source is wild 😂 “It’s important to note that the graph highlights a selection of ethnicities we felt would be most relevant and engaging for our audience.” no author named on the entire site, but interestingly their lawyer is a former governor or Arkansas

[Dan @DanOnTheStreet]

@bennyjohnson All of these objectively make our financial situation worse. Voters like you are why we are nearly $40T in debt.