4 ms·

“In the world” New York is 3 times as dense and more than 20 times the population of SF and yet is only 10% cheaper. Explain again how more supply will magica

by zepto 5y ago

“In the world” New York is 3 times as dense and more than 20 times the population of SF and yet is only 10% cheaper. Explain again how more supply will magically make SF affordable?

kelnos 5y ago
I think you're making the mistake of considering only Manhattan? Brooklyn[0] has a little over twice the density of SF[1], while the median home price in Brooklyn[2] is 40% less than in SF[3]. (Also consider your density numbers are a bit off. NYC[4] overall has only 1.5x the density of SF, and Manhattan[5] has around 4x SF's density. Not sure where you've gotten your housing cost numbers.) [0] https://en.wikipedia.org/wiki/Brooklyn https://en.wikipedia.org/wiki/Brooklyn [1] https://en.wikipedia.org/wiki/San_Francisco https://en.wikipedia.org/wiki/San_Francisco [2] https://www.redfin.com/neighborhood/219258/NY/New-York/Brooklyn/housing-market https://www.redfin.com/neighborhood/219258/NY/New-York/Brook... [3] https://www.redfin.com/city/17151/CA/San-Francisco/housing-market https://www.redfin.com/city/17151/CA/San-Francisco/housing-m... [4] https://en.wikipedia.org/wiki/New_York_City https://en.wikipedia.org/wiki/New_York_City [5] https://en.wikipedia.org/wiki/Manhattan https://en.wikipedia.org/wiki/Manhattan
- zepto 5y ago
  By all means compare SF against Manhattan. The argument doesn’t change. The East bay is cheaper that SF too, but so what? Your argument is that increasing the density of SF will make it substantially cheaper. The example of Manhattan contradicts you.
  - kelnos 5y ago
    The thing is, I don't think anyone is seriously suggesting we turn SF into Manhattan. You're presenting that as if it's what people want, or if it's the only option. Even a modest increase in density, nowhere near Manhattan levels, would help SF enormously.
    - zepto 5y ago
      Nowhere have I suggested that anyone wants SF to turn into Manhattan. That seems to be something you are reading into it. The point is that when you compare the two, it be some clear that that even if you did turn SF info Manhattan, you might get a 10% reduction in prices. A modest increase in density would have no appreciable impact.

by zepto 5y ago

“In the world” New York is 3 times as dense and more than 20 times the population of SF and yet is only 10% cheaper. Explain again how more supply will magically make SF affordable?

kelnos 5y ago

I think you're making the mistake of considering only Manhattan? Brooklyn[0] has a little over twice the density of SF[1], while the median home price in Brooklyn[2] is 40% less than in SF[3]. (Also consider your density numbers are a bit off. NYC[4] overall has only 1.5x the density of SF, and Manhattan[5] has around 4x SF's density. Not sure where you've gotten your housing cost numbers.) [0] https://en.wikipedia.org/wiki/Brooklyn https://en.wikipedia.org/wiki/Brooklyn [1] https://en.wikipedia.org/wiki/San_Francisco https://en.wikipedia.org/wiki/San_Francisco [2] https://www.redfin.com/neighborhood/219258/NY/New-York/Brooklyn/housing-market https://www.redfin.com/neighborhood/219258/NY/New-York/Brook... [3] https://www.redfin.com/city/17151/CA/San-Francisco/housing-market https://www.redfin.com/city/17151/CA/San-Francisco/housing-m... [4] https://en.wikipedia.org/wiki/New_York_City https://en.wikipedia.org/wiki/New_York_City [5] https://en.wikipedia.org/wiki/Manhattan https://en.wikipedia.org/wiki/Manhattan

zepto 5y ago
By all means compare SF against Manhattan. The argument doesn’t change. The East bay is cheaper that SF too, but so what? Your argument is that increasing the density of SF will make it substantially cheaper. The example of Manhattan contradicts you.
- kelnos 5y ago
  The thing is, I don't think anyone is seriously suggesting we turn SF into Manhattan. You're presenting that as if it's what people want, or if it's the only option. Even a modest increase in density, nowhere near Manhattan levels, would help SF enormously.
  - zepto 5y ago
    Nowhere have I suggested that anyone wants SF to turn into Manhattan. That seems to be something you are reading into it. The point is that when you compare the two, it be some clear that that even if you did turn SF info Manhattan, you might get a 10% reduction in prices. A modest increase in density would have no appreciable impact.