Re:San Francisco braces for commercial real estate crash
by jdkee on Tuesday September 06, 2022 @01:57PM
(#32740651)
Americans overwhelmingly prefer single-family detached homes when given other options. How is choosing a higher-quality of life option “wasted”?
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Re:San Francisco braces for commercial real estate crash
by JumpCrisscross on Tuesday September 06, 2022 @02:02PM
(#32740722)
> Americans overwhelmingly prefer single-family detached homes when given other options. How is choosing a higher-quality of life option “wasted”?
It's not. But it's wasteful in an urban core, where that lack of density forgoes real economic opportunity. It also creates an easily-identified cause for the lack of housing supply.
Re:San Francisco braces for commercial real estate crash
by pessimizer on Tuesday September 06, 2022 @02:39PM
(#32741271)
> that lack of density forgoes real economic opportunity.
Which is why SF is so poor and underdeveloped.
> It also creates an easily-identified cause for the lack of housing supply.
An easily identified excuse. Now do suburban Tennessee.
Re:San Francisco braces for commercial real estate crash
by smcl on Tuesday September 06, 2022 @03:21PM
(#32741947)
> Which is why SF is so poor and underdeveloped.
No, it's one reason why some US cities are becoming increasingly unlivable for anyone outside the upper-middle class - those who sell your groceries, make your lunch or deliver your packages (to name only a handful of occupations).
> An easily identified excuse. Now do suburban Tennessee.
Is suburban Tennessee an urban core?
Re:San Francisco braces for commercial real estate crash
by smcl on Tuesday September 06, 2022 @02:08PM
(#32740797)
I think if people were given the choice - particularly somewhere like San Francisco - they'd would much prefer to live in an apartment they could reasonably afford vs a detached home they could only afford if they travelled back in time 30+ years.
Re:San Francisco braces for commercial real estate crash
by pessimizer on Tuesday September 06, 2022 @02:36PM
(#32741233)
They're given the choice, which is overwhelmingly taken by 99.9% of the people in the world, of not living in SF.
Re:San Francisco braces for commercial real estate crash
by smcl on Wednesday September 07, 2022 @01:52AM
(#32746851)
Very clever, but there is more than one city in the USA and, in fact, the world. Current trend is for people to choose to move from towns and villages - where detached housing is the norm - to cities where apartments are more common.