3 ms·
well, mainly the problem is the city doesn't prepare for it. For example, not keeping up with housing demand, public transit demand etc. THEN you get the bay
by bproven 9y ago
well, mainly the problem is the city doesn't prepare for it. For example, not keeping up with housing demand, public transit demand etc. THEN you get the bay area ;)
- Tempest1981 9y agoAnd if you try to tax businesses to pay for infrastructure, they threaten to leave the state. And businesses barely pay employees enough to afford a mortgage, or even rent, so you can't tax the residents. How do we get our infrastructure?
- kerbalspacepro 9y agoThe private market will make the housing available and keep rent low, which you can then serve with infrastructure via. property tax. San Fransisco and other coastal cities are the only ones that haven't figured out to just build homes.
- bproven 9y agoWell, I think they have, but there is a vested interest in keeping the housing prices high. And as much as I hate it, I do understand it. CA asked for this problem and now it will be hard to reverse. What would you do if you had millions of dollars tied up in your home and it was your only asset of value? Argh- I'll save myself some typing :) - I commented on this here on another post: https://news.ycombinator.com/item?id=16540488 https://news.ycombinator.com/item?id=16540488