Re:The Housing Market in San Francisco and Ideas to Fix It
by baddox on Thursday April 07, 2016 @06:53PM
(#11451342)
I really don't think so. If demand is effectively unlimited, then I highly doubt it is only unlimited at exactly the current housing prices. Some significant portion of the housing is not under rent control (most people I know don't live in rent controlled units) and some portion of the supposedly effectively unlimited demanders should be willing to pay more than the current prices.
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Re:The Housing Market in San Francisco and Ideas to Fix It
by sambe on Friday April 08, 2016 @04:25AM
(#11453326)
Maybe they switch to alternatives (larger, further away) at around this price level. Other commentators have noted that you don't pay much less further away, just get much more house than you need. An increase in supply and subsequent drop in prices would be absorbed immediately given the other conditions (appears to be the claim).