> Having ordinary people walk around in your billionaire enclave lowers property values
I understand this is the argument is being made. This just seems to me like this is an opinion stated as if it were a fact, and not a tautological truth of property valuation.
Tell that to Marc himself! Atherton residents are the kind of people who call the cops on pedestrians for walking around suspiciously. They have given every indication of not wanting the non-rich anywhere near them.
I understand this is the argument is being made. This just seems to me like this is an opinion stated as if it were a fact, and not a tautological truth of property valuation.