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> Unfortunately as the Tiktaalik mentioned, we have a housing shortage now. So the trickle-down economics of luxury housing won't work for at least a generation
by tylerhou 5y ago
> Unfortunately as the Tiktaalik mentioned, we have a housing shortage now. So the trickle-down economics of luxury housing won't work for at least a generation.
What data are you basing this claim off of? Many people (especially young people in finance and tech) move every few years, and some of them want luxury apartments. That reduces the demand for cheaper housing stock. A 25 y/o moving to SF isn't going to buy an apartment and stay there for their entire life.
- barbecue_sauce 5y agoA 25 y/o moving to SF isn't going to buy an apartment period.
- CivBase 5y agoI'm confused. What will a 25 y/o moving to SF buy? They can't all be homeless or wealthy enough to buy a house in SF.
- nthj 5y agoI believe the confusion is over the term "buy." In San Francisco/US terminology, a 25 y/o is likely to rent or lease an apartment. Buying would more likely be of a condo (or a house, as you mentioned.)
- halsom 5y agoYou have got to be shitting me. Only on HN could you find such insufferably out of touch bourgeoise commentary as this.