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> The YIMBY approach to homelessness is just a modern form of trickle-down economics Trickle-down economics is the theory that giving money to people with lowe
by neilparikh 4y ago
> The YIMBY approach to homelessness is just a modern form of trickle-down economics
Trickle-down economics is the theory that giving money to people with lower propensity to spend it (the rich) will somehow lead to more economic activity (which is obviously wrong). I don't see how that's at all connected to the idea that more supply of a good leads to lower prices for that good.
- khazhoux 4y agoThe trickle-down is that very often (and I'm not referring here to this article, but more broadly) the new housing being discussed is not for low-income. It's for the highest-tier, with the idea that when the richest have more housing options, that makes room for the slightly-less rich, then the just-kinda rich, then the very well off... and eventually this trickles down to there being affordable housing for the homeless. Trickle-down.
- neilparikh 4y agoThe misconception you have here is that the cost of the housing is driven by how "high tier" it is. It's not, it's driven by land costs. That's why even a fairly old plain apartment in SF is still very expensive to rent, and houses that are completely ordinary in Silicon Valley are millions to buy. As an example, would you consider this $1.5M house "high tier"? https://www.zillow.com/homedetails/879-San-Ardo-Way-Mountain-View-CA-94043/19513080_zpid/ https://www.zillow.com/homedetails/879-San-Ardo-Way-Mountain... There's not really a way to make low cost housing beyond either high supply, or subsidization.