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The rent is too high because of zoning laws.
by triceratops 10mo ago
The rent is too high because of zoning laws.
- queuebert 10mo agoAll things being equal, SF has some of the most desirable weather on the planet, so it will always have an high cost of living due to excess demand.
- postflopclarity 10mo agoit's a great place to live and there will always be high demand. there would be more supply if not for restrictive zoning laws. and more supply = lower prices
- lux-lux-lux 10mo agoSF has a relatively high ratio of housing units to population compared to other cities in the US and a 9.7% vacancy rate. By the numbers, it has an oversupply of housing.
- postflopclarity 10mo agohousing units : population is not a very salient statistic
- wpm 10mo agoBy just those numbers, sure. How many are homeless? What does the median worker spend in money and time commuting from somewhere further?
- jeffbee 10mo agoThat is not a valid interpretation of the data. The ratio you cite, which is a pointless one, is mostly influenced by household size. SF has a relatively small household size compared to the state and nation. The vacancy rate you cite is also not a useful one that people generally understand. There were 19000 units for sale or rent during the last ACS survey, out of 418000 physical dwellings, and that's only 4.5% which is very low by historical standards.
- jeffbee 10mo agoHow do you square this bizarre and obviously false hypothesis with all the times that San Francisco did not have high cost of living, had declining population, etc?
- deleted 10mo ago[deleted]
- queuebert 10mo agoWhat is obviously false about it? You can't just assert things as true. That's why the Democrats keep losing. (See what I did there?)
- triceratops 10mo agoThere are plenty of other places with equally great weather and no needles on the streets.
- greenie_beans 10mo agothe rent is too high because of the market incentives. zoning laws are one of several dynamics that influence the market. we've built a ton of structures with existing zoning laws when the economy is good, more than we've built during this deregulation paradigm. we stop when the economy or market is bad. very simple concept.
- triceratops 10mo agoOne less dynamic would be helpful then. There's also the other turd in California real estate policy: Prop 13.
- greenie_beans 10mo agofair point, and my original point doesn't negate that truth: reducing every problem to zoning laws is lazy analysis.