2 ms·
> What's inherently wrong with high rent in San Francisco? Beyond ethics, a few things you may not have considered: 1. High rent is a systematic, generational
by kansface 10y ago
> What's inherently wrong with high rent in San Francisco?
Beyond ethics, a few things you may not have considered:
1. High rent is a systematic, generational wealth transfer from the young to the old (property owners); this is not good for society (eg, funding social security or even social stability).
2. It is an enormous drag on economic output and productivity for a variety of reasons.
3. High rents (coupled with rent control) result in really crazy inefficiencies.