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> And the solution? It's just build more houses, so the rents go down Right, but the problem is that it's largely illegal to actually build more houses in San
by buss 7y ago
> And the solution? It's just build more houses, so the rents go down
Right, but the problem is that it's largely illegal to actually build more houses in San Francisco.
- arcticbull 7y agoThis right here. The price of housing is solely a supply-side issue, and it's all artificial constraints. The reality is that owners are older, wealthier, stronger-rooted voters -- while renters are younger, transient and don't vote. This is the result. Things like height restrictions, "shade" restrictions, NIMBY-ism, red-tape -- all the way down to mortgage interest tax deductions -- are to the benefit of owners and to the detriment of renters. They're all political issues that can be resolved but we choose not to.