LA pays $2600 per homeless tent, per month

Re:LA pays $2600 per homeless tent, per month by tylerhou on Wednesday May 26, 2021 @11:17PM (#27298987)

> Unfortunately as the Tiktaalik mentioned, we have a housing shortage now. So the trickle-down economics of luxury housing won't work for at least a generation.

What data are you basing this claim off of? Many people (especially young people in finance and tech) move every few years, and some of them want luxury apartments. That reduces the demand for cheaper housing stock. A 25 y/o moving to SF isn't going to buy an apartment and stay there for their entire life.

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Re:LA pays $2600 per homeless tent, per month by barbecue_sauce on Wednesday May 26, 2021 @11:27PM (#27299054)

A 25 y/o moving to SF isn't going to buy an apartment period.

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Re:LA pays $2600 per homeless tent, per month by CivBase on Thursday May 27, 2021 @12:21AM (#27299360)

I'm confused. What will a 25 y/o moving to SF buy? They can't all be homeless or wealthy enough to buy a house in SF.

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Re:LA pays $2600 per homeless tent, per month by nthj on Thursday May 27, 2021 @12:40AM (#27299482)

I believe the confusion is over the term "buy." In San Francisco/US terminology, a 25 y/o is likely to rent or lease an apartment. Buying would more likely be of a condo (or a house, as you mentioned.)

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