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I believe two seemingly contradictory things to be true: - SF rents have been falling - There is not enough housing in SF This is because SF is still a very
by acjohnson55 3y ago
I believe two seemingly contradictory things to be true:
- SF rents have been falling
- There is not enough housing in SF
This is because SF is still a very expensive place to live. If there were more affordable housing, a lot more people would still choose to live there.
- noobermin 3y agoThese two facts contradict each other exactly. If you want more housing in a city you want rents to not grow in real terms. What else are you hoping for?
- acjohnson55 3y agoWhat if it's not the revenue (i.e.rent) that's the problem but the cost, due to the artificial scarcity of space that can be filled with housing? San Francisco is infamous for its restrictive constraints on what can be built. If it were possible to build denser and presumably cheaper forms of housing, I posit that people could develop profitably, without rent needing to go up indefinitely.