We shouldn’t have to pay for Jack Dorsey’s $40m estate when it crumbles into the sea | Adrian Daub
By using public money to protect California homes from climate change, the state is transferring wealth from working-class people of color to white property owners
Even by the standards of overpriced San Francisco, the Sea Cliff neighborhood is astronomically expensive. Nestled between two gorgeous parks and with what a realtor might describe as commanding views of the Golden Gate, it could hardly be different. Homes in the area routinely go for more than $10m. Jack Dorsey, the CEO of Twitter and the payment service Square, recently bought a place here for $21.5m – next door to his $18m present home. The 0.62 acre compound is recessed from the street and perched on a cliff overlooking the beach.
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