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High local prices can be addressed with "distributed sprawl". ie growth in other cities.
by maerF0x0 11y ago
High local prices can be addressed with "distributed sprawl". ie growth in other cities.
- davidw 11y agoI think the problem with that logic is that the people at the 'top of the heap' - VC's, CEO's and the like are not the ones being priced out, mostly. Granted, a company might open an office somewhere else, but that's after it's already large and established. So you're kicking the marginal (in the economic sense) people out into marginal places where they have less access to what made the original area such a great place to have a job.
- maerF0x0 11y agomaybe, i have neither a moral stance nor suggested solution for that. Seems to me that is a trait of capitalism/market economies; those who can pay the most get what they want.
- kbenson 11y agoYes, but the reason things cost more is because we are restricting supply through regulation. That's not to say that all the regulation should be repealed, but you can't examine the problem in a vacuum and expect useful information. It truly does come down to supply and demand.
- asabjorn 11y agoArtificially restricting housing supply through SF-like approval processes is not capitalism, and rent control is a band aid. It is laws that highly favors the incumbents that already live there. Even if we determined who should be allowed to live here with some other mechanism than money we would still be housing supply constrained.
- maerF0x0 11y agoI agree that there are tons of things at play distorting markets.