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I don't know if this kind of comment is appreciated on HN, so I apologize in advance. Why is rent so high in SF and the Bay Area in general? Can anyone recomme
by doyoulikeworms 11y ago
I don't know if this kind of comment is appreciated on HN, so I apologize in advance.
Why is rent so high in SF and the Bay Area in general? Can anyone recommend good reading material on this topic?
- tdylan 11y agoAny econ101 book will do. I'd suggest Basic Economics by Thomas Sowell. Short version: Supply (housing) is being artificially restrained from being built out (through regulation). While demand (those moving to the area) keeps increasing. Low supply and high demand = higher prices. Solution: Build more housing. It's a simple problem, navigating the bureaucracy is the hard part.