4 ms·
No, it’s not demand. It’s lack of supply caused by a post-1970 boom of NIMBYist overregulation which prevents home construction at any useful density, and by SF
by troad 4y ago
No, it’s not demand. It’s lack of supply caused by a post-1970 boom of NIMBYist overregulation which prevents home construction at any useful density, and by SF illegally failing to meet its housing targets set under California law.
- bombcar 4y agoA mismatch between supply and demand can be solved by bringing supply up or demand down. Since they’re not doing the first they’re trying the second via prices and all the other attempts to make people move out.
- troad 4y ago> A mismatch between supply and demand can be solved by bringing supply up or demand down. Not really. Supply and demand are curves (quantity X supplied / demanded at price Y), and where they intersect is the equilibrium price. Artificially fiddling around with prices does not move the curves or where they intersect, so you can't solve anything with this - you prevent equilibrium and get deadweight loss for both the sellers and the buyers.