3 ms·
I hope he's right. But, here's how he might not be: If cities like SF continue to maintain excess building regulations and "affordability" requirements that ac
by pascalxus 10y ago
I hope he's right.
But, here's how he might not be: If cities like SF continue to maintain excess building regulations and "affordability" requirements that actually make it less affordable for most people. Zoning and land use policies are causing huge problems. Anyways, a smaller and smaller percentage of people will continue to prop up these insane housing prices, while a few others either gets free housing from gov subsidies or price ceilings, locking out any new entrants.
- shostack 10y agoNot just that, but CA is unique with Prop 13. That is an artificial pressure cooker factor that other markets do not have. The best time to buy in CA was as close to when Prop 13 was implemented as possible.