Re:Housing in the Bay Area
by argonaut on Wednesday May 25, 2016 @10:53PM
(#11774977)
> increasing market-rate housing alone may not make an appreciable difference in prices where it matters most from a macroeconomic perspective: for low-to-mid income residents.
This may well be possible to argue, but you're going to need a source for a claim that goes against the basic concept of supply-and-demand.
Re:Housing in the Bay Area
by abalone on Wednesday May 25, 2016 @11:02PM
(#11775039)
It doesn't go against it. The question is how elastic is the demand curve. If it's not elastic enough to make SF affordable for low-to-mid income residents then we may face bad macroeconomic and cultural effects. That's where price controls come in.
This may well be possible to argue, but you're going to need a source for a claim that goes against the basic concept of supply-and-demand.