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Yeah, it's always going to be a function of income in the area. People value housing enough to pay up to 50% of their income towards it in desirable cities. If
by cylinder 10y ago
Yeah, it's always going to be a function of income in the area. People value housing enough to pay up to 50% of their income towards it in desirable cities. If more inventory is available more people will elect to live in SF and rents will find equilibrium at around the 50% of incomes
- branchless 10y agoIn large part because many people own/mortgage multiple homes because it's a one-way bet under the current system where all productivity gains flow to land.