SF is an economics lesson on what not to do. Complete and catastrophic failure across the board. Low prices don’t mean much if there is no market availability.

SF is an economics lesson on what not to do. Complete and catastrophic failure across the board. Low prices don’t mean much if there is no market availability. Many cities that are heavily rent controlled have horror stories of year long waits to get a unit. Or, far worse, black markets where controlled units exchange hands privately. The other responder to my comment suggests this is not the case in Vienna, nice! The laws of supply and demand can not be defeated. Vienna is a desirable city, so there should be demand. If the city has found a way to produce sufficient supply that’s interesting. Most major cities, including SF, have completely failed to produce sufficient supply.