Re:Housing in the Bay Area
by davidw on Thursday May 26, 2016 @11:38AM
(#11778768)
If you're simply replacing cheap housing with an equal number of expensive units, yeah, that's not doing much good. The idea is to add to the total number of units.
But just because the best time to build more was 30 years ago doesn't mean now isn't a good time to start.
Also: if you are adding expensive housing it takes some pressure off of the cheaper housing that would otherwise be the 2nd choice of those going into the expensive housing.
Filtering does work, but as you point out, it takes time: https://oregoneconomicanalysis.com/2016/05/25/housing-does-f...
But just because the best time to build more was 30 years ago doesn't mean now isn't a good time to start.
Also: if you are adding expensive housing it takes some pressure off of the cheaper housing that would otherwise be the 2nd choice of those going into the expensive housing.