Mission Creek real estate and the mystery of the divine

This past Sunday Carl Nolte's Native Son article in the SF Chronicle introduced the reader to the houseboat market moored in Mission Creek. His writing described today's enviable setting, and then expressed the wonder of what were once hippie housing projects in S**t Creek now million dollar real estate offerings.

Tune in by ZOOM as I lead a real estate teach-in from my kayak! You'll take a virtual tour from water level of Mission Creek's floating neighborhood.

The point of the tour, however, is not to merely ooh and ah. In fact, I'll introduce participants to evidence of the divine, namely the mysterious economic emergence of locational rent. Nolte wrote of million dollar houseboats, but who believes those houseboats if towed to Fresno would fetch a million dollars?

80% of that million dollars resides in the location of those barges. Community!! The efficiency, productivity, and high rent that comes with particular locations is the effect of the presence of community!

I propose that the mystery of the divine is analogous to locational rent. We want proof of community . . . we want proof of the divine. We think the proof is the house (or the houseboat). The proof, actually, is what we don't see: all the desire to be in location. It's that desire that leads to efficiency, productivity, and high rent.

The upshot? We should no more privatize the rent (of location) than we should privatize the divine.

So, tune in at 1:30 for the philosophy of economic rent, the mysterious materialization of the divine . . . and the answer to your prayers.