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Have you read this, and, if so, what do you think of it? https://experimental-geography.blogspot.com/2016/05/employment-construction-and-cost-of-san.html https

Have you read this, and, if so, what do you think of it? https://experimental-geography.blogspot.com/2016/05/employment-construction-and-cost-of-san.html https://experimental-geography.blogspot.com/2016/05/employme... > Building enough housing to roll back prices to the "good old days" is probably not realistic, because the necessary construction rates were never achieved even when planning and zoning were considerably less restrictive than they are now. Building enough to compensate for the growing economy is a somewhat more realistic goal and would keep things from getting worse. > In the long run, San Francisco's CPI-adjusted average income is growing by 1.72% per year, and the number of employed people is growing by 0.326% per year, which together (if you believe the first model) will raise CPI-adjusted housing costs by 3.8% per year. Therefore, if price stability is the goal, the city and its citizens should try to increase the housing supply by an average of 1.5% per year (which is about 3.75 times the general rate since 1975, and with the current inventory would mean 5700 units per year). If visual stability is the goal instead, prices will probably continue to rise uncontrollably.

creato 6y ago
I think it would only take a few years (very few, as in low single digits) of 1.5% growth in housing supply to invalidate the extrapolations being used here.
- carapace 6y ago
  As it stands now there's not enough construction capacity. Santa Rosa burns in a wildfire and you can't get a contractor to stucco a wall in SF that summer, eh? However, we could do it: "Prefab housing complex for UC Berkeley students goes up in four days" Aug., 2018 https://www.berkeleyside.com/2018/08/02/prefab-housing-complex-for-uc-berkeley-students-built-in-four-days https://www.berkeleyside.com/2018/08/02/prefab-housing-compl... > This new 22-unit project from local developer Patrick Kennedy (Panoramic Interests) is the first in the nation to be constructed of prefabricated all-steel modular units made in China. An interesting detail: "Kennedy notes that the cost of trucking to Berkeley from the port of Oakland was more expensive than the cost of shipping from Hong Kong." So yeah, if we really had the political will we could build arcologies: https://en.wikipedia.org/wiki/Arcology https://en.wikipedia.org/wiki/Arcology

creato 6y ago

I think it would only take a few years (very few, as in low single digits) of 1.5% growth in housing supply to invalidate the extrapolations being used here.

carapace 6y ago
As it stands now there's not enough construction capacity. Santa Rosa burns in a wildfire and you can't get a contractor to stucco a wall in SF that summer, eh? However, we could do it: "Prefab housing complex for UC Berkeley students goes up in four days" Aug., 2018 https://www.berkeleyside.com/2018/08/02/prefab-housing-complex-for-uc-berkeley-students-built-in-four-days https://www.berkeleyside.com/2018/08/02/prefab-housing-compl... > This new 22-unit project from local developer Patrick Kennedy (Panoramic Interests) is the first in the nation to be constructed of prefabricated all-steel modular units made in China. An interesting detail: "Kennedy notes that the cost of trucking to Berkeley from the port of Oakland was more expensive than the cost of shipping from Hong Kong." So yeah, if we really had the political will we could build arcologies: https://en.wikipedia.org/wiki/Arcology https://en.wikipedia.org/wiki/Arcology