Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by jeffbee on Tuesday October 13, 2020 @10:01AM
(#24765605)
Like a few lawyers at the bottom of the ocean, that's a good start, but it should be city and state policy to chop another 80% off the price of housing, to get it back to historical norms.
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Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by refurb on Tuesday October 13, 2020 @11:45AM
(#24766672)
80% off is historic norms? That would bring the price down to what it was in the 80’s and inflation alone has doubled that.
Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by jeffbee on Tuesday October 13, 2020 @11:50AM
(#24766723)
The Case-Shiller index is adjusted for inflation, and it has quadrupled in 30 years. So, 75% off then?
Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by andorxor on Tuesday October 13, 2020 @02:43PM
(#24768685)
Actually, the Case-Shiller index itself is not adjusted for inflation, unless the graph you're looking at explicitly mentions that.
Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by tonyedgecombe on Tuesday October 13, 2020 @10:35AM
(#24765928)
Historical norms included much higher interest rates and women not participating in the labour force.
Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by jeffbee on Tuesday October 13, 2020 @10:42AM
(#24766019)
Indeed, but that's why the state needs policy for this. It's should not be true that landlords capture all of the marginal productivity of 2-income households.
Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by barry-cotter on Tuesday October 13, 2020 @11:02AM
(#24766231)
They wouldn’t if building housing was legal.
Re:San Francisco Apartment Rents Crater Up to 31%, Most in U.S.
by whimsicalism on Tuesday October 13, 2020 @11:11AM
(#24766321)
> Historical norms included much higher interest rates
And that impacts rental pricing... how?