Re:San Francisco Tech Firms See Workers Flee from $4,500 Rents
by BurningFrog on Wednesday April 06, 2016 @02:10AM
(#11436950)
Prices depend on two things: Supply and Demand.
When you ask why Manhattan is expensive even with increased supply, you ignore demand.
The theory that increased density in itself drives up the value of housing is popular among anti-housing activists. I've never heard an economist who believes it.
If true, it would be an incredibly simple way to generate enormous amounts of money to simply building super dense neighborhoods. Since I don't see anyone getting rich off that, I have strong doubts about that model.
When you ask why Manhattan is expensive even with increased supply, you ignore demand.
The theory that increased density in itself drives up the value of housing is popular among anti-housing activists. I've never heard an economist who believes it.
If true, it would be an incredibly simple way to generate enormous amounts of money to simply building super dense neighborhoods. Since I don't see anyone getting rich off that, I have strong doubts about that model.