4 ms·
> … how is the Bay Area housing market artificially inflated? I shouldn’t have an opinion on this because I don’t live in the Bay Area or closely follow its po
by derstander 4y ago
> … how is the Bay Area housing market artificially inflated?
I shouldn’t have an opinion on this because I don’t live in the Bay Area or closely follow its politics, but the most common refrain I see is that policies (e.g., zoning) prevent building more and higher density housing, thus artificially limiting supply.
- marvin 4y agoArtificially constrained supply combined with marginal buyers that earn >$300k/year and 0% interest rates would lead to extremely high prices.
- yieldcrv 4y agodual income with socioeconomic equals too
- aworks 4y agoThe Bay Area is also geographically constrained by water and mountains. This is compared to say a plains city that can greatly expand in all directions e.g. Dallas (?).
- BurningFrog 4y agoThat's nowhere near being a real constraint. It's refusal to allow housing construction all the way down.