Re:Crime in New York City Plunges to a Level Not Seen Since ...
by DavidSJ on Friday December 29, 2017 @09:33AM
(#16029607)
The high cost of housing no doubt plays a large role in the Bay Area's homelessness situation.
That in turn has a demand side cause -- the continued influx of highly paid tech workers -- and a supply side cause -- the economically illiterate politics which paints housing development as some sort of handout to developers. The supply side of this problem could be fixed through political means, at no real cost to anyone. New York has 6x the population density of San Francisco yet lower housing prices, because it has the capacity to meet the demand.
That in turn has a demand side cause -- the continued influx of highly paid tech workers -- and a supply side cause -- the economically illiterate politics which paints housing development as some sort of handout to developers. The supply side of this problem could be fixed through political means, at no real cost to anyone. New York has 6x the population density of San Francisco yet lower housing prices, because it has the capacity to meet the demand.