Is 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 det

Is 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...