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Exactly. Econ 101. Lots of demand and no supply means prices rise. SF and other bay area cities are more than happy to build tons of office space for tens of th
by BobbyJo 6y ago
Exactly. Econ 101. Lots of demand and no supply means prices rise. SF and other bay area cities are more than happy to build tons of office space for tens of thousands of office jobs, but when it comes to building the housing those new workers need to live... Nope. Office jobs mean revenue, houses mean costs. When you have to be a home owner to be on a city council, your incentives get a little perverse.