News for hackers. Stuff that matters.
Re:Where have all the sacked tech workers gone? by derstander on Tuesday March 28, 2023 @12:53PM (#35344092)
> … how is the Bay Area housing market artificially inflated?

I shouldn’t have an opinion on this because I don’t live in the Bay Area or closely follow its politics, but the most common refrain I see is that policies (e.g., zoning) prevent building more and higher density housing, thus artificially limiting supply.

Re:Where have all the sacked tech workers gone? by marvin on Tuesday March 28, 2023 @01:36PM (#35344836)
Artificially constrained supply combined with marginal buyers that earn >$300k/year and 0% interest rates would lead to extremely high prices.
Re:Where have all the sacked tech workers gone? by yieldcrv on Friday March 31, 2023 @06:03AM (#35384759)
dual income with socioeconomic equals too
Re:Where have all the sacked tech workers gone? by aworks on Tuesday March 28, 2023 @06:07PM (#35348648)
The Bay Area is also geographically constrained by water and mountains. This is compared to say a plains city that can greatly expand in all directions e.g. Dallas (?).
Re:Where have all the sacked tech workers gone? by BurningFrog on Tuesday March 28, 2023 @07:39PM (#35349715)
That's nowhere near being a real constraint.

It's refusal to allow housing construction all the way down.