News for hackers. Stuff that matters.

A comment on Office Vacancy Rate in San Francisco Just Hit a New High. Parent comment

Re:Office Vacancy Rate in San Francisco Just Hit a New High by jovial_cavalier on Tuesday October 18, 2022 @11:45AM (#33249157)
Your city needs homes for people who work at McDonald's. Not more luxury apartments.
[ Parent | on HN ]
Re:Office Vacancy Rate in San Francisco Just Hit a New High by tayo42 on Tuesday October 18, 2022 @12:42PM (#33250199)
i was actually wondering about this. doesn't section 8 housing vouchers take care of this?

it also seems like it could lead to increased rents, if you have the government guarantee rent will be paid, you can raise it by a lot and not worry about people not paying, or even not being able to afford it.

[ Parent | on HN ]
Re:Office Vacancy Rate in San Francisco Just Hit a New High by whimsicalism on Tuesday October 18, 2022 @02:40PM (#33251961)
> i was actually wondering about this. doesn't section 8 housing vouchers take care of this?

not at all.

[ Parent | on HN ]
Re:Office Vacancy Rate in San Francisco Just Hit a New High by whimsicalism on Tuesday October 18, 2022 @12:25PM (#33249883)
Build luxury apartments, people with luxury money will move there rather than buying and converting the McDonald workers' homes.
[ Parent | on HN ]
Re:Office Vacancy Rate in San Francisco Just Hit a New High by blablabla123 on Tuesday October 18, 2022 @01:18PM (#33250803)
That's not how it works though. It just lowers the price for luxury apartments.
[ Parent | on HN ]
Re:Office Vacancy Rate in San Francisco Just Hit a New High by whimsicalism on Tuesday October 18, 2022 @02:40PM (#33251949)
It is literally how it works. There's plenty of evidence showing so.
[ Parent | on HN ]
Re:Office Vacancy Rate in San Francisco Just Hit a New High by shaburn on Tuesday October 18, 2022 @12:46PM (#33250272)
False. The city has too many McDonald's quality apartments at luxury prices. More supply solves this.
[ Parent | on HN ]
Re:Office Vacancy Rate in San Francisco Just Hit a New High by tofuahdude on Tuesday October 18, 2022 @12:54PM (#33250390)
The cool thing about luxury apartments is that it means rich people will stop displacing poor people in the not-luxury apartments.
[ Parent | on HN ]