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?
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?