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> It may be that one of the things about SF that makes it attractive for OP is that it is expensive. Keeps the riff-raff out. Not that anyone in SF would ever a
by kevinburke 10y ago
> It may be that one of the things about SF that makes it attractive for OP is that it is expensive. Keeps the riff-raff out. Not that anyone in SF would ever admit that publicly.
This is really inaccurate, and especially discouraging on a message board for "entrepreneurs", who should really be in favor of cheaper housing close to venture capital, so new businesses are more viable.
https://kev.inburke.com/kevin/sf-housing-politics/ https://kev.inburke.com/kevin/sf-housing-politics/
- cjlars 10y agoIs housing in tier 1 cities like SF a giffen good (where demand rises with price)? Possibly [1]. That said, it wouldn't be unique to SF if true and wouldn't detract from your other policy points. [1] http://www.businessandeconomics.mq.edu.au/our_departments/Economics/Econ_docs/research_seminars/2008_research_seminars/Onur-CapitalGainsHousingQuasi-giffenGood.pdf http://www.businessandeconomics.mq.edu.au/our_departments/Ec...
- kevinburke 10y agoNo, it's not. A ton of supply came on the market in 2016 and rents fell 5%.