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Trickle-down economics suggested capitalists were somehow benevolent money spreaders instead of selfish, cheap bastards, but as applied to housing there is a si
by burntrelish1273 10y ago
Trickle-down economics suggested capitalists were somehow benevolent money spreaders instead of selfish, cheap bastards, but as applied to housing there is a sizable segment of affluent Bay Area residents whom will move when new/better options come along. The gotcha is that affluent residents represent such a minuscule fraction of inventory, giant flats can't possibly be false equivocated to building tons of tiny, cheap studios or much more section 8 housing.
OTOH, there is plenty of idle housing inventory (~8%) which could house all of the homeless and the very poor right now.