Re:Stripe to donate $1M to California Yimby
by closeparen on Friday May 04, 2018 @12:24PM
(#16995804)
>“The quantity isn’t relevant without price”
The price depends on the quantity. Price is not baked into the walls, but comes from market conditions. How you can deny that and then claim the high ground about understanding economics is beyond me. This is incredibly easy to check: physically identical homes go for wildly different sums in different markets.
Timr argues above that 1) construction will take time, and 2) it will only continue as long as it’s profitable. No disagreement there. We need to be planning for the long term as well as the short term, and profit margins have a long way to fall before reaching zero.
Re:Stripe to donate $1M to California Yimby
by guiolo on Friday May 04, 2018 @02:06PM
(#16996762)
No, what he is essentially saying is that far earlier than you can produce enough housing so everyone can live in the bay area, the cost of production will be higher than what people who want to live there can afford.
The price depends on the quantity. Price is not baked into the walls, but comes from market conditions. How you can deny that and then claim the high ground about understanding economics is beyond me. This is incredibly easy to check: physically identical homes go for wildly different sums in different markets.
Timr argues above that 1) construction will take time, and 2) it will only continue as long as it’s profitable. No disagreement there. We need to be planning for the long term as well as the short term, and profit margins have a long way to fall before reaching zero.