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It'd help fix it, but California's dug itself into such a deep hole that it'll take a while to fix it even with good measures like that one. The statistic that
by davidw 9y ago
It'd help fix it, but California's dug itself into such a deep hole that it'll take a while to fix it even with good measures like that one.
The statistic that always amazes me is how Tokyo built more housing than the entire state of California in 2014.
https://www.vox.com/2016/8/8/12390048/san-francisco-housing-costs-tokyo https://www.vox.com/2016/8/8/12390048/san-francisco-housing-...
If you (as in the generic you, not the comment I'm responding to) live in CA, and care about this stuff, you should get involved with the YIMBY folks there. They're doing great work, and achieving real results.
- adrianratnapala 9y agoTokyo is huge though, it's population is about 1/3 that of the whole of California. So we are talking about a ratio of only 3+ in housing built per capita. Significant for sure, but hardly bizzare.
- davidw 9y agoThat an entire huge state cannot compete with an already somewhat dense city is mind boggling to me.
- krausejj 9y agoi got so deep here, i went and looked at US Census Building Permit data for MSAs: https://standupcalifornia.com/peers https://standupcalifornia.com/peers This is all primary research. The most shocking piece was that cities like Sacramento are permitting half as much housing per capita as peer cities like Seattle. Land is not the issue—this is a policy failure. But, we can fix it :)
- krausejj 9y agoabsolutely. if you want to go beyond simply pressuring politicians on sb-827, and be part of continued movement to increase housing affordability in california, you should support the YIMBYs. also the "head yimby's" Q&A on the bill with Vox is a must-read: https://www.vox.com/cities-and-urbanism/2018/2/23/17011154/sb827-california-housing-crisis https://www.vox.com/cities-and-urbanism/2018/2/23/17011154/s...
- davidw 9y agoMaybe they're doing it but keeping quiet about it, but I'm kind of surprised VC type people aren't funding the YIMBYs in a massive way. Think of how many millions of their investment dollars simply go towards paying exorbitant rents in SF and elsewhere in the bay area.
- prostoalex 9y agoThat implies a VC deploying capital in a place with cheap rents will harvest higher ROI. But the biggest exits so far (WhatsApp, Snap) don’t reflect that.
- davidw 9y agoThey could get more bang for their buck in the bay area (which they aren't likely to leave anytime soon) if housing prices weren't quite so crazy.
- prostoalex 9y agoThat can also be accomplished by using more productive frameworks and infrastructure services that allow a company to hire fewer people to begin with. But I think what you’re describing happens with larger companies - setups where engineers are in the Bay Area and support is some place else like Nashville or Austin are becoming more commonplace.