Facebook’s Answer to Silicon Valley Housing Crunch: Build Apartments

Re:Facebook’s Answer to Silicon Valley Housing Crunch: Build... by CPLX on Tuesday July 26, 2016 @11:19AM (#12166234)

That metaphor makes no sense at all. The commodity in question in that example would be "transportation" and the government can and should subsidize various forms of transportation for those with lower incomes. Nobody is proposing creating low income units that are incredibly high end in design and materials.

[ Parent | on HN ]

Re:Facebook’s Answer to Silicon Valley Housing Crunch: Build... by ryandrake on Tuesday July 26, 2016 @11:48AM (#12166445)

The government should definitely subsidize things like housing, transportation, and food. We're talking about creating low income luxury items. A house in Menlo Park is a luxury item, much like a Ferrari or Kobe beef.

[ Parent | on HN ]

Re:Facebook’s Answer to Silicon Valley Housing Crunch: Build... by CPLX on Tuesday July 26, 2016 @12:41PM (#12166875)

A modest apartment is not a luxury item. It is a modest apartment in a place with expensive land values. Much like a packet of Oscar Mayer ham on dry white toast served at a five star restaurant is still a packet of Oscar Mayer ham on dry white toast.

[ Parent | on HN ]

Re:Facebook’s Answer to Silicon Valley Housing Crunch: Build... by ryandrake on Tuesday July 26, 2016 @02:07PM (#12167589)

The location in and of itself makes a house a luxury item. A cardboard box on a 20 square foot plot of land in SoMa is practically a luxury item.

[ Parent | on HN ]