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A comment on Why California is so expensive: It’s not just the weather, it’s the regulation. Parent comment

Re:Why California is so expensive: It’s not just the weather... by monknomo on Tuesday July 19, 2016 @06:58PM (#12125586)
Sure, that's a given. But we're not exactly talking interchangeable widgets. Are you telling me that new towers in Manhattan really damage the value of the remaining single family houses on the island?
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Re:Why California is so expensive: It’s not just the weather... by brianwawok on Tuesday July 19, 2016 @09:47PM (#12126324)
They impact it.

I see this in Chicago. Graph price of single family 3 bedroom home and 3 bedroom condo. The prices track. The SFH is worth about double... When condo prices fell in 2008, SFH prices fell too.

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Re:Why California is so expensive: It’s not just the weather... by dogma1138 on Tuesday July 19, 2016 @10:36PM (#12126494)
Hasn't everything fell in 2008? Correlation doesn't not mean causation. It's like saying that building 2000 affordable apartments in London would bring down the price of the multimillion luxury apartments.
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Re:Why California is so expensive: It’s not just the weather... by brianwawok on Wednesday July 20, 2016 @02:15PM (#12131215)
I don't think that a 200k apartment and a 5 million dollar luxury apartment are substitutes.

In Chicago, a 300k condo and a 600k single family home ARE substitutes. I know many people that could afford either. As the delta shifts one way or another, more of them will opt for the other choice.

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Re:Why California is so expensive: It’s not just the weather... by maerF0x0 on Wednesday July 20, 2016 @01:00PM (#12130590)
Of course they impact it. I will price all alternatives. Maybe one of those "single family" homes will actually house me and 3 housemates?
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