Re:The Housing Market in San Francisco and Ideas to Fix It
by shkkmo on Friday April 08, 2016 @03:41AM
(#11453182)
> Reducing demand at the top prevents the demand for high-end from overflowing into mid and low end. This does little good if the majority of people moving to SF are middle class.
It does plenty of good because there will be fewer mid and low-end units occupied by high-income individuals and thus more available to mid and low income residents. This only has an effect up to the point where high-income supply catches up with demand, but we are a long ways off from that point.
It does plenty of good because there will be fewer mid and low-end units occupied by high-income individuals and thus more available to mid and low income residents. This only has an effect up to the point where high-income supply catches up with demand, but we are a long ways off from that point.