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> And, now people who didn’t have to do all that work want to live here cheaply. No, they want to pay market rates. And people want to use the power of govern
by Lazare 9y ago
> And, now people who didn’t have to do all that work want to live here cheaply.
No, they want to pay market rates. And people want to use the power of government to stop them.
> And, they’re trying to use government and political power to force me to give up what I’ve helped build.
No one is trying to get you to give up what you own. What's being asked is that you stop trying to take from other people what they own. One of your neighbours who also helped build this community wants to build some apartments on their land. If you pass laws that stop him, then you are using political power to make someone give up what they've helped build. You are not the victim here, come what may; you are either the villain or a bystander.
> No one is addressing the demand side of this issue. [...] Why not encourage companies and people to move to those places?
Sure, great idea. But 1) it can happen in parallel with addressing the supply side and 2) if it's such a great idea, why don't you do it? The reasons why you don't want to apply to everyone else too. That "hey, I like it in SF, but you should move to Topeka" attitude is the exact "FU attitude" you claim not to have.
> Wages clearly aren’t high enough to give workers salaries that allow them to buy properties. Raise wages...
First off, that'll do nothing to actually fix anything; you'll just have more money chasing the same number of houses. That's a recipe for inflation. If I had a magic wand I could wave that would instantly double every salary and hourly wage in SF, all waving it would do is also double the rent. Second, that'll actually make the problem worse by drawing more workers into the area chasing the higher wages.
If you are trying to fix this by tinkering with wages (a bad idea!) it would make more sense to cut wages, or institute some extremely eye-watering tax rates at higher bands. The second an 80% tax rate on incomes over 80k is instituted, you're going to see a massive clear-out of tech workers from SF, followed by a collapse in rent and housing prices. Again, not a good idea, but at least it'd work...unlike your idea.
> some companies will naturally move elsewhere. Jobs will go with them, and demand will go down.
That's not how markets work, incidentally. Wages and jobs and house prices do not exist in a vacuum.
> I’m not sure how one can disagree with my points.
Easily. :)