Re:Let's build houses for people, not cars
by davidw on Tuesday August 27, 2019 @02:06PM
(#20812675)
They've managed to hold prices steady in a desirable place. That's a pretty good accomplishment. Compare and contrast with the bay area where housing earns more on an hourly basis than many people do:
https://www.sacbee.com/news/california/article208678414.html
Only in the sense of getting more bang for the buck. It's the 10th most expensive city to rent in the world: https://infogram.com/1prdmkx1zvdve1sg79z2vp56vmsm2ygmn90
Or a more comprehensive study here: https://www.dbresearch.com/PROD/RPS_EN-PROD/PROD000000000049...
Notice something in these list? It's all famous cities. The fact that they have wildly different housing regulations doesn't affect the rent prices, any supply is immediately absorbed back.