Re:San Francisco Tech Firms See Workers Flee from $4,500 Rents
by vkou on Wednesday April 06, 2016 @11:34AM
(#11439435)
Why would people move in just because you built a whole bunch of housing? There's an entire rust belt standing half-empty.
People don't move to where they can find expensive housing - people move to where they can find good jobs. Doubling SF housing wouldn't double the number of good jobs there.
Thought experiment: What do you think doubling the number of high paying jobs do to SF rent? Or, alternatively, halving the available housing?
People don't move to where they can find expensive housing - people move to where they can find good jobs. Doubling SF housing wouldn't double the number of good jobs there.
Thought experiment: What do you think doubling the number of high paying jobs do to SF rent? Or, alternatively, halving the available housing?