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“We’ve tried everything except building more housing and we’re all out of ideas!” I’m baffled how local governments can’t seem to connect the supply side. 30k
by true_tuna 9y ago
“We’ve tried everything except building more housing and we’re all out of ideas!”
I’m baffled how local governments can’t seem to connect the supply side.
30k new jobs + 8k new housing units = higher housing prices
Or for a more hilarious ratio, look at Mountain View over the last 15 years. I think for a decade there were effectively zero new units created.
- Cookingboy 9y agoThere has been a ton of new apartments and townhouses built in MTV in the past 3 years.
- tzakrajs 9y agoYeah maybe like 1000 units tops
- pascalxus 9y agoAnd what makes this even more tragic, is that this is happening in a highly educated cities. What's so hard to understand about supply and demand? I think, deep down, they're fundamentally misguided: democrats and liberals think that they're somehow fighting against capitalism, and by limiting developers, they're somehow helping humanity. Red Cities and red states get it, they generally don't have these problems, even the extremely high growth ones: like Houston.
- closeparen 9y agoIf they were serious about fighting capitalism, they might do more to resist the biggest and most profitable companies in the world expanding their own real estate portfolios and footprint. Instead they have decided to attack the employees. Relatively privileged employees, but workers nonetheless.
- daveFNbuck 9y agoDon't red cities and states tend to have much lower population densities?