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A comment on Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring. Parent comment

Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by dtech on Monday October 23, 2017 @03:04PM (#15535999)
It's impossible to control skyrocketing house prices in booming tech areas with anything other than a massive amount of new housing developments.

Even if everything you can buy suddenly got 10% cheaper, the houses in those areas would immediately increase back to the old level because the prices is driven by a high demand relative to supply.

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Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by maxxxxx on Monday October 23, 2017 @03:57PM (#15536437)
Makes sense. To me it just seems they act as if inflation was low but in reality they are creating huge asset inflation with the low interest policy.
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