Can a new mayor fix San Francisco’s housing and homelessness problems?

Re:Can a new mayor fix San Francisco’s housing and homelessn... by briandear on Thursday May 31, 2018 @05:59PM (#17200696)

More housing (even luxury) increases supply thus lowers prices. That means that someone living in a studio might move to a 1 bed, leaving the studio vacant, thus increasing supply as people move up — a process that is only possible with a greater supply.

And rent control actually leads to shortages as mobility is reduced because of people staying in places longer than they would have otherwise. It also disincentivizes creation of new housing.

Greater supply is needed. That’s the bottom line.

[ Parent | on HN ]

Re:Can a new mayor fix San Francisco’s housing and homelessn... by vicnov on Thursday May 31, 2018 @06:03PM (#17200724)

THIS.

Every time I hear "we need to protect poor from eviction by evil tech workers" I want to scream.

Yeah sure.. tech workers who make 150k+ are dreaming about moving in a shitty house in East Bay.

Boulding more affordable housing looks great in a political ad, but does not do shit to resolve the crisis

[ Parent | on HN ]