4 ms·

Is there any evidence this wouldn't be temporary? I don't know of any US cities with high density cheap housing.

• rayiner 14y ago
  It's temporary in the sense that people just move in until prices go up, but the equillibrium supports a lot more people. E.g. housing prices in San Francisco are approaching those of Manhattan, even though the latter has twice as many people in half the space. In comparison, downtown Chicago is similarly dense to downtown SF, but housing is about half the price (thanks to liberal policies in the 1970's that allowed free development of tons of 25+ story high rise apartment buildings).