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That sounds all well and good but I live in a desirable central coast city and thanks to SB9 I can now build 4 extra res units on my property. You are mistaken

That sounds all well and good but I live in a desirable central coast city and thanks to SB9 I can now build 4 extra res units on my property. You are mistaken if you think anyone is going to spend that effort and charge anything less than current market ... maybe more, new houses are expensive. What we need is subsidized housing close to mass transit, single payer medicine, progressive tax reform and subsidized child care. Changing laws to allow the wealthy land owners to build more for-profit residences will help only land owners.

colechristensen 5y ago
We do not need subsidized housing further driving up prices. We need fewer people in the market and that means less availability of large loans and taxes on commercial real estate loans. You can't have so many people competing to buy real estate to rent to you and pushing out people who want to buy. And people need to be comfortable when a region doesn't want to grow, force them to curtail their commercial zoning, and people just need to leave and go somewhere else. There's plenty of space elsewhere.
- chaostheory 5y ago
  More companies need to embrace remote work full time in order for this to happen.
- sokoloff 5y ago
  So you’re pro-homeowner and anti-tenant?
- strogonoff 5y ago
  When there are no real infrastructural/environmental limitations for population growth in sight, “our region doesn’t want to grow” paints a picture of some residents placing their own emotional attachment to how things used to be above all else.
  - tharne 5y ago
    > When there are no real infrastructural/environmental limitations for population growth in sight, “our region doesn’t want to grow” paints a picture of some residents placing their own emotional attachment to how things used to be above all else. What exactly is the problem with that? The only thing that welcomes growth forever is cancer, and economists.
    - strogonoff 5y ago
      We are not discussing restricting human reproduction. Keeping low density strictly ensures humans spread wider and live with larger environmental footprint to appease those averse to change in a futile attempt to hold on to the past. To make your proposal more reality-compatible, “people should be comfortable when a region has to grow”. This means people’s attitudes as well as infrastructure’s capability to handle increased number of people.
nostrademons 5y ago
They don't have to charge less than market. They charge market rates and absorb 4 families that would've otherwise taken their market-rate salaries and kicked 4 immigrant families out of a 4-plex that used to rent far below market.
- thghtihadanacct 5y ago
  Section 8 are the only units that arent going to go up. Further, in my area 4 households moving to a property is not going to free up 4 local, otherwise cheap, units. New units in my area are going to attract higher-pay-than-average workers from San Jose or somewhere else in the bay area. I think one delusion is that many people think there is a single fix all. Its gonna be more than just build more housing. There are already millions of empty houses in the US.
bobthepanda 5y ago
the trick is that landlords and property owners are not some closely linked cartel but are viciously competitive, so if everyone spends enough effort it can eventually cause a stabilization or even drop in prices.

colechristensen 5y ago

We do not need subsidized housing further driving up prices. We need fewer people in the market and that means less availability of large loans and taxes on commercial real estate loans. You can't have so many people competing to buy real estate to rent to you and pushing out people who want to buy. And people need to be comfortable when a region doesn't want to grow, force them to curtail their commercial zoning, and people just need to leave and go somewhere else. There's plenty of space elsewhere.

chaostheory 5y ago
More companies need to embrace remote work full time in order for this to happen.
sokoloff 5y ago
So you’re pro-homeowner and anti-tenant?
strogonoff 5y ago
When there are no real infrastructural/environmental limitations for population growth in sight, “our region doesn’t want to grow” paints a picture of some residents placing their own emotional attachment to how things used to be above all else.
- tharne 5y ago
  > When there are no real infrastructural/environmental limitations for population growth in sight, “our region doesn’t want to grow” paints a picture of some residents placing their own emotional attachment to how things used to be above all else. What exactly is the problem with that? The only thing that welcomes growth forever is cancer, and economists.
  - strogonoff 5y ago
    We are not discussing restricting human reproduction. Keeping low density strictly ensures humans spread wider and live with larger environmental footprint to appease those averse to change in a futile attempt to hold on to the past. To make your proposal more reality-compatible, “people should be comfortable when a region has to grow”. This means people’s attitudes as well as infrastructure’s capability to handle increased number of people.

nostrademons 5y ago

They don't have to charge less than market. They charge market rates and absorb 4 families that would've otherwise taken their market-rate salaries and kicked 4 immigrant families out of a 4-plex that used to rent far below market.

thghtihadanacct 5y ago
Section 8 are the only units that arent going to go up. Further, in my area 4 households moving to a property is not going to free up 4 local, otherwise cheap, units. New units in my area are going to attract higher-pay-than-average workers from San Jose or somewhere else in the bay area. I think one delusion is that many people think there is a single fix all. Its gonna be more than just build more housing. There are already millions of empty houses in the US.

bobthepanda 5y ago

the trick is that landlords and property owners are not some closely linked cartel but are viciously competitive, so if everyone spends enough effort it can eventually cause a stabilization or even drop in prices.