4 ms·
> Just cramping more people into small units in SF doesn’t solve jack. There aren't an unlimited number of people looking to pay $3k for a sf studio. As you bu
by HDThoreaun 4y ago
> Just cramping more people into small units in SF doesn’t solve jack.
There aren't an unlimited number of people looking to pay $3k for a sf studio. As you build more you eventually run out of people willing to pay that much and prices necessarily decrease.
- fnordpiglet 4y agoBut once prices decrease people priced out come into the market. The prices won’t drop if there continues to be demand in excess of supply below the current market price. The $3k price you mention is equilibrium, if it drops then more people want units than exist as units because now it’s become affordable, so prices go back up to $3k. Ultimately though, this is the affordable housing problem - the prices are so high all those who want to live in sf can’t afford to live in sf. You made my point for me in fact - even if you make high density housing you don’t make it affordable. The only way to make it affordable is to make it unnecessary to live in SF by unlocking SF employment anywhere.