Re:Bay Area cities want to end single-family home zoning
by koolba on Saturday July 03, 2021 @09:06PM
(#27726492)
It’s a terrible example though as the people with the most liquid financial situation are the ones that left. The ones that remained can’t even afford to rent they U-Haul to get out of Dodge. They’re stuck treading water and at best will get Newsom to buy their vote^W^W^Wpay their back rent.
Re:Bay Area cities want to end single-family home zoning
by compiler-guy on Saturday July 03, 2021 @09:36PM
(#27726627)
It’s a terrible example of housing policy and how we want the city to develop and mature, but it is still a perfect demonstration of how excess supply drives down prices.
Re:Bay Area cities want to end single-family home zoning
by austincheney on Saturday July 03, 2021 @08:35PM
(#27726296)
How much of a decrease on average?
Re:Bay Area cities want to end single-family home zoning
by ruggeri on Saturday July 03, 2021 @10:14PM
(#27726786)
35% per bloomberg.
https://www.bloomberg.com/news/articles/2020-12-08/san-franc...
Re:Bay Area cities want to end single-family home zoning
by compiler-guy on Saturday July 03, 2021 @09:38PM
(#27726642)
https://www.sfweekly.com/news/what-happens-to-rents-after-th...
Has the decrease at about 22% at one point. Lowest rents since 2013. They seem to have gone back up somewhat since, but that is a big adjustment and reflects excess supply.
Re:Bay Area cities want to end single-family home zoning
by austincheney on Saturday July 03, 2021 @11:03PM
(#27726934)
That’s rents. What is the change of ownership value?
This is not quite the same thing as an immediate increase in supply, but instead a large drop in demand. The net result is the exact same thing: a large increase in the vacancy rate, which resulted in a rapid and dramatic decrease in median rents.