5 ms·
> increasing market-rate housing alone may not make an appreciable difference in prices where it matters most from a macroeconomic perspective: for low-to-mid i
by argonaut 10y ago
> increasing market-rate housing alone may not make an appreciable difference in prices where it matters most from a macroeconomic perspective: for low-to-mid income residents.
This may well be possible to argue, but you're going to need a source for a claim that goes against the basic concept of supply-and-demand.
- abalone 10y agoIt doesn't go against it. The question is how elastic is the demand curve. If it's not elastic enough to make SF affordable for low-to-mid income residents then we may face bad macroeconomic and cultural effects. That's where price controls come in.