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> Building affordable housing isn't a priority, But why should it be? Why is creating low cost housing in the bay area better than spending that money in, say,
by 5thaccount 9y ago
> Building affordable housing isn't a priority,
But why should it be? Why is creating low cost housing in the bay area better than spending that money in, say, Sacramento? What are the individual, societal and area benefits of doing it on the bay area vs anywhere else in the state of California?
I am being contrarian to be sure, Full disclosure: Australian with no dog in this fight.
So I ask because Tyler Cowan (https://medium.com/conversations-with-tyler/patrick-collison-stripe-podcast-tyler-cowen-books-3e43cfe42d10 https://medium.com/conversations-with-tyler/patrick-collison...) made the point that the Bay Area makes a lot of great global goods, and loosening housing regulation is effectively a tax on the current, extremely productive people that live in the Bay Area.
Given that these people pay taxes in California, why not find somewhere else to house less well to-do people? Somewhere less expensive, less productive and less likely to be problematic for the residents, would seem ideal.
$1,000,000 in SF buys sweet FA, but that would 3 median priced houses in Sacramento, and it is less than 100 miles away.
So I just wonder what the correct level is to do these things at: country, State, City, Suburb or street? I just think there are only so many dollars, why is the argument about where they are spent, rather than how effectively?
- bjl 9y ago> loosening housing regulation is effectively a tax on the current, extremely productive people that live in the Bay Area. That's an utterly ridiculous claim.
- 5thaccount 9y agoIt's not my claim, it is Tyler Cowan's claim. In case you are unsure who he is, pretty much everyone who is anyone holds Tyler as a hero, Malcolm Gladwell for one. So not ridiculous, not held by a random internet nobody, but thanks for your input ;)
- nix0n 9y ago> loosening housing regulation is effectively a tax on the current, extremely productive people that live in the Bay Area No, it's a tax on the landlords. How many producers of value are homeowners and not renters? (At least one person on HN, but I mean proportionally.)
- muninn_ 9y agoFigure out a way of discouraging renters and landlords then. Disallow people from renting homes out or something.
- anonymoushn 9y agoProp 13 and rent control are taxes that I, as a younger renter, pay to subsidize older less productive homeowners and renters.
- ThrustVectoring 9y agoBecause the cost is in satisfying local rent-seeking, rather fundamental physical restrictions. If the cheapest housing unit costs three times as much in SF because of earthquake-proofing, HVAC, and density, then sure, build in Sacramento instead. However, roughly speaking, the price differential is because people in SF voted to have houses that cost three times as much (because they own houses and get to make those decisions consequence-free).