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The 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 co
by kerbalspacepro 9y ago
The 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