3 ms·
> While Tech has ALL the disruption like Uber, where is the one for property market? ... 3D Printing that print GREAT quality houses in cheap and fast way The
by freyr 11y ago
> While Tech has ALL the disruption like Uber, where is the one for property market? ... 3D Printing that print GREAT quality houses in cheap and fast way
The cost to build a house is relatively cheap -- that's not the problem. The critical factor in housing prices is location.
In the case of SF/SV, it's a desirable place with limited housing supply. Techies, startups, tech corporations, and VCs have all convinced themselves that they need to be crammed into a tiny geographic area to thrive. This, coupled with relatively high wages, has driven up rents and home prices.
I imagine many of us assumed that tech would prevent this situation, by building faster, more reliable communication networks. Yet tech in SFBA wound up as a concentrated, insular industry (second, perhaps, to finance in NYC).