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But to be fair, more housing stock in San Francisco could also lead to wealthier tech workers buying crash pads in the city for work during the week while they
by rm_-rf_slash 9y ago
But to be fair, more housing stock in San Francisco could also lead to wealthier tech workers buying crash pads in the city for work during the week while they spend their weekends out at their houses in Silicon Valley, Berkeley, etc.
- abalashov 9y agoAll of that is certainly true, but given the supply and the pricing, it seems very unlikely that the needle is going to move anywhere near that much? In what other major metropolis in the world do you see people doing that on a mass scale — the kind of mass scale at which it is meaningful to speak of induced demand? The very wealthy will do it, of course, as they always have, and always will.