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A comment on The American dream is on life support in the Bay Area. Parent comment

Re:The American dream is on life support in the Bay Area by ac29 on Wednesday December 29, 2021 @03:23PM (#29729528)
> People already work low paying jobs in SF. They are likely living with multiple roommates or commuting from far away. Given a large influx of cheap housing would absolutely put downward pressure on housing insecurity.

I think you are agreeing with the parent comment here even if you dont think so. These are the people that would take new inexpensive housing - people living with roommates or parents that want their own place, people commuting from far away. These people aren't homeless.

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Re:The American dream is on life support in the Bay Area by thephyber on Wednesday December 29, 2021 @10:26PM (#29733183)
> These people aren't homeless.

You _assume_ homeless are not among that population, but I would argue there are. Obviously not 100%, but we are arguing about moving the supply curve up, so there is a corresponding adjustment as we move along the demand curve.

But the core point I’m making is that the difference between enough rental units to move an average rental price of $2500/mo to $1000/mo means there are A TON of new units and it would reduce rent pressure even for rental units that are cheaper than $1000/mo.

[ Parent | on HN ]