Re:Average Rent in San Francisco Has Dropped $1k This Year
by lotsofpulp on Monday December 28, 2020 @10:33AM
(#25559944)
There is lots of supply of money relative to supply of comparable investment opportunities (in societies with stable governments).
There is lots of demand for housing relative to supply of housing.
There is lack of supply of cities with equivalent income opportunities and amenities of SF relative to demand for that type of city.
All various ways of discussing the supply and demand curves that cause prices. And multiple solutions to address each one, assuming the goal is to make prices go lower. Such as increasing income/wealth tax, vacancy tax, increasing property taxes, increasing supply of housing, increasing cities like SF with labor laws similar to CA, etc.
There is lots of demand for housing relative to supply of housing.
There is lack of supply of cities with equivalent income opportunities and amenities of SF relative to demand for that type of city.
All various ways of discussing the supply and demand curves that cause prices. And multiple solutions to address each one, assuming the goal is to make prices go lower. Such as increasing income/wealth tax, vacancy tax, increasing property taxes, increasing supply of housing, increasing cities like SF with labor laws similar to CA, etc.