3 ms·
The “simulation” is garbage. I’ve pointed out one limitation, but there are many others. For example: rental markets are not auctions. Landlords set prices, and
by irq11 9y ago
The “simulation” is garbage. I’ve pointed out one limitation, but there are many others. For example: rental markets are not auctions. Landlords set prices, and renters pay them, or do not.
What happens when you replace 150 SROs with market rate condos? You make 150 of the poorest people in the city homeless, and you remove a tiny bit of competition (maybe) at the higher end of the market. (You’ll note that this post doesn’t discuss who is evicted.)
At a minimum, it is the responsibility of the simulator to show that their simulation reconstitutes reality before it is to be trusted for any form
of prediction.
The only “powerful message” here is that Sonja Trauss is running for office on a pro-development agenda.
- ChuckMcM 9y agoIt is a model, not a simulation, and it is traditional to argue the flaws in the methodology or assumptions of the model if you seek to invalidate. What I heard you to say was: “what if you have to knock down N affordable units to build M market-rate units?” And the model exactly models this, showing that as long is M > N, everyone will will get more housing. If you run the simulation you can see how it does this, market rate housing captures people who can afford it, they move out of mid-tier housing, which captures the folks who want mid-tier, which frees up affordable units that were being occupied by people who could move up.