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A comment on Average Rent in San Francisco Has Dropped $1k This Year. Parent comment

Re:Average Rent in San Francisco Has Dropped $1k This Year by epistasis on Monday December 28, 2020 @01:49PM (#25561925)
Right, and imagine that if instead of all your money going to the profits of the previous owner, your money could be used productively to pay labor to build new housing for you!

Instead of your wealth being transferred to a laborer who has less wealthy, it was transferred to somebody who is likely quite a bit more wealthy. And instead of your wealth being used to improve the city, it was all used for the profits of somebody els.

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Re:Average Rent in San Francisco Has Dropped $1k This Year by chii on Tuesday December 29, 2020 @12:43AM (#25567099)
> pay labor to build new housing for you!

good luck using labour to generate a piece of land to which you can build on that's near where you want it.

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Re:Average Rent in San Francisco Has Dropped $1k This Year by epistasis on Tuesday December 29, 2020 @01:00AM (#25567178)
Exactly, that's what I am griping about. There's more than enough land to accommodate more housing to be built, but existing neighbors to that land have forbidden that through regulatory capture of city zoning laws.
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