3 ms·
SF and the bay area have an anti-development attitude in general, leading to a predictable supply shortage and thus the crazy rents you have now. This is how y
by mahyarm 13y ago
SF and the bay area have an anti-development attitude in general, leading to a predictable supply shortage and thus the crazy rents you have now.
This is how you solve it:
1. Allow development, stop getting in the way.
2. Create punitive pigovian long term unused property taxes to encourage property use. Stop land owners from letting property just sit there unused and discourage using property just as a fancy bank account for the wealthy.