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A comment on Facebook’s Answer to Silicon Valley Housing Crunch: Build Apartments. Parent comment

Re:Facebook’s Answer to Silicon Valley Housing Crunch: Build... by elgabogringo on Tuesday July 26, 2016 @11:03AM (#12166117)
If it's self correcting then why does it not correct?

If lack of supply is a problem, then restricting that supply by 10-15% is part of the problem.

[ Parent | on HN ]
Re:Facebook’s Answer to Silicon Valley Housing Crunch: Build... by magicalist on Tuesday July 26, 2016 @11:13AM (#12166192)
> If it's self correcting then why does it not correct?

It is. Due to government-mandated lack of supply, the market is working its magic to make you have to move to the east bay.

> If lack of supply is a problem, then restricting that supply by 10-15% is part of the problem.

Sure, and if taxes were cut 25% you'd save a lot of money too. You still haven't identified anything special about section 8 that is holding you back from your dreams of temporarily lower rent. What about proposition 13? What about insane zoning rules trying to preserve the "character" of generic suburban neighborhoods?

[ Parent | on HN ]