3 ms·
If supply isn't increased but demand is increased, the price goes up. San Francisco is a popular city with a strong job market (demand) and won't build housing,
by api 4y ago
If supply isn't increased but demand is increased, the price goes up. San Francisco is a popular city with a strong job market (demand) and won't build housing, so the price goes up.
What part of that is hard for people to understand?
- prottog 4y agoThe part that's hard for people to understand is not the basic supply and demand issue, but rather why well-intentioned, good-sounding policies like environmental review processes, rent control, or mandatory affordable housing quotas don't accomplish what they say they would; to understand the latter requires an understanding of the higher-order repercussions of those policies.