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>The solution to the housing problem is to build more houses. There's way too much latent demand for housing in booming cities to just build your way out. With
by Maybestring 8y ago
>The solution to the housing problem is to build more houses.
There's way too much latent demand for housing in booming cities to just build your way out. Without rent control, there will be people not benefiting from the boom that are just bled dry by rising costs.
- travisoneill1 8y agoWhat is "latent demand"? There are empty apartments in SF right now and if you have the money you can rent them.
- s73v3r_ 8y agoBut that amount of money is astronomical. People are buying the apartments and leaving them vacant as an investment, rather than using them as intended, as a residence for a person living in the city.
- Maybestring 8y agoThe difference between current demand, and the increased demand that would exist at a lower price. I just mean, there are lots of people that would move to SF if they could afford it. This mass of potential immigrants will counter an attempt to just build your way out. Unless you mean a real substantive change to the city e.g. building 30,000 apartments/year.