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But one of these is the market functioning correctly - people moving to places with good jobs. The other is the market being manipulated to serve the interests
by nathantotten 10y ago
But one of these is the market functioning correctly - people moving to places with good jobs. The other is the market being manipulated to serve the interests of a relatively small group of people - restricting housing supply.
- makomk 10y agoNo, the market is not functioning correctly. The SF housing situation is making it increasingly expensive to get workers in SF. In a functioning market this would cause businesses to set up elsewhere. This isn't happening, in part because funding is coming from a relatively small, tightly-connected group of SF-centric VCs.