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A person's options aren't limited to: A.) Live in most expensive city in world or B.) Be homeless in most expensive city in world If housing prices have bec
by ralusek 4y ago
A person's options aren't limited to:
A.) Live in most expensive city in world
or
B.) Be homeless in most expensive city in world
If housing prices have become unaffordable for many people in SF, there are other places on the planet. I moved out of SF 2 years ago, after living there for 7, partly due to outrageous cost.
Nobody is making the claim that supply and demand doesn't exist for housing, they're claiming that supply isn't limited to the highly sought after, geographically contained peninsula of the bay. They're also claiming that "housing first" is an absurd oversimplification of the problem, and disregards all manner of highly important factors.
- hackerlight 4y agoThis market efficiency/rational agent argument often doesn't hold up. For you, it does, because you're probably highly intelligent, highly educated, and have some baseline wealth. But at the margins, if someone has 80 IQ, perhaps has some mental health issues, doesn't know anyone anywhere outside of SF, and isn't even aware of the fact that SF is comparatively much more expensive because they've never travelled and aren't online like we are, and doesn't have the money that it takes to pick up and move, let alone the cognitive planning ability to take the required sequence of actions, they can easily fall through the cracks and become homeless.