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A comment on Stripe to donate $1M to California Yimby. Parent comment

Re:Stripe to donate $1M to California Yimby by afarrell on Friday May 04, 2018 @01:40PM (#16996506)
But they're still going to have really long commutes because they can't find housing near where they live unless they outbid software engineers, which would raise the rent. And then the software companies will just have to raise salaries to beat them and more money will go toward the landlords.

If you have a mostly-fixed supply and you subsidize buying that supply, you just raise the price. In order to increase the number of people who are able to live their jobs, you need to change the physical structure of area near their jobs to have more housing.

You can't turn money into housing by just adding money. Only construction can do that.

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Re:Stripe to donate $1M to California Yimby by lsc on Saturday May 05, 2018 @05:07PM (#17003826)
https://news.ycombinator.com/item?id=16991980

https://news.ycombinator.com/item?id=16992481

I was responding to the objection that even if we were building unlimited new housing, the new stuff would be unaffordable to those on the bottom. And one solution to that is to pay them more relative to those on the top.

I think it's obvious to people who don't own or live in rent controlled places that we need more housing overall. I was just responding to the fair objection that more housing, by itself, isn't enough to house people who are massively underpaid.

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Re:Stripe to donate $1M to California Yimby by afarrell on Tuesday May 08, 2018 @03:39AM (#17019481)
Ah yes, point taken.
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