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The fact that only engineers and similarly well-off individuals can afford to buy property in the Bay Area is because of NIMBYs. More NIMBYism will only make th
by pcwalton 9y ago
The fact that only engineers and similarly well-off individuals can afford to buy property in the Bay Area is because of NIMBYs. More NIMBYism will only make the problem worse.
If you prevent wealthy people from buying new homes, they'll just buy old ones instead. This isn't a theoretical concern. In fact, it's precisely what has been happening throughout the SF Bay Area.