Re:Blame Zoning, Not Tech, for San Francisco's Housing Crisis
by DrScump on Friday March 11, 2016 @11:46PM
(#11271443)
<Unless they're colluding, they'll keep building if it's profitable to do so.>
if it's profitable over the long term.
Keep in mind that builders have to allocate ever-increasing percentages of units to "below-market housing".
Then, with the current bubble bursts, they're stuck with the below-market renters but will be scrambling to fill the rest of the units.
Re:Blame Zoning, Not Tech, for San Francisco's Housing Crisis
by Tempest1981 on Saturday March 12, 2016 @12:52AM
(#11271577)
"Filtering" -- interesting dynamic. So why isn't filtering working in SF?
> "Filtering is the idea that, as new market-rate housing is built, higher-income people move into it, leaving behind older housing stock for lower-income people."
Re:Blame Zoning, Not Tech, for San Francisco's Housing Crisis
by henrikschroder on Saturday March 12, 2016 @02:48AM
(#11271763)
> So why isn't filtering working in SF?
It does, there was an article here a few weeks ago where they had studied gentrification in SF and found that the areas that allowed more new (luxury) apartment construction had less reduction in poor people living in the area compared to the ones that didn't.
Unless they're colluding, they'll keep building if it's profitable to do so. And there's a lot of margin for that in SF, especially if they get rid of some of the big obstacles.
There are various articles about 'filtering' and how it's not happening in cities like SF. Here's one - there are probably better ones:
http://www.forbes.com/sites/scottbeyer/2016/02/19/what-liber...
I know SV is a separate entity (entities, actually), but it's obviously very closely related.
People in the US are going to have to figure out density sooner or later. This stuff has knock-on effects all up and down the west coast. Lots of people move here to Bend to escape the bay area, and are driving up local prices...