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> I am actually in favor of building more housing. But I think that doing so will (on top of prices already being projected to fall) put further downward pressu
by richk449 7y ago
> I am actually in favor of building more housing. But I think that doing so will (on top of prices already being projected to fall) put further downward pressure on house prices.
> To think that this is a rosy story for everyone with no losers is a fairy tale.
> I believe that the already squeezed, non-tech, middle class of the Bay Area will suffer at the expense of new, younger tech workforce (and incidentally play into the hand of the actually wealthy tech leaders who are some of the biggest proponents). If you choose not believe that, then please provide a historical example of where deflationary pressure on house prices have been a boon for the existing working/middle class that own houses anywhere.
I never said that a decrease in housing prices would be good for non-tech homeowners. I just contested your claim that it would lead to them being evicted.