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There is no shortage of homes in San Francisco. Prices are a function of demand and that's it. Every city has to ultimately decide what kind of community they
by jariel 7y ago
There is no shortage of homes in San Francisco.
Prices are a function of demand and that's it.
Every city has to ultimately decide what kind of community they want to have and then act accordingly.
As SF is an attractive city, every home ever built there will essentially be bought or occupied, there is nearly an unlimited number of people who would like to live there - so it's merely a matter of what kind of density and price they choose to have.
Do they want SF to be a city of skyscrapers, with tiny expensive flats like NYC?
Or a neighbourhood of fairly expensive homes as it is now.
Nobody anywhere will doubt that 'building significantly more homes' will reduce the average cost of homes but ultimately SF residents will decide what they want to do: if they don't want skyscrapers or high-density style buildings, it's their business.
- jjeaff 7y agoSF is not a neighborhood of "fairly expensive homes". It is a neighborhood of some of the most expensive homes on the planet. At a median home price of $1.7m, owning a home in SF is reserved for those grandfathered in or the wealthy.
- jariel 7y agoThe homes on Monte Rey are even more expensive but it's beside the point. There is plenty of inexpensive housing in Cali and the US to accommodate most needs. Everyone deserves 'affordable housing' but not everyone deserves 'affordable housing' in the specific spot they want. And FYI New York and Hong Kong even more expensive and much denser - should NYC 'triple its density'? Will that make thins better? Or maybe there's something missing from this logic.