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Re:How the Internet Ruined San Francisco (1999) by stretchwithme on Sunday January 19, 2014 @04:46PM (#7086144)
Living in a desirable place has always been popular. And its popularity fluctuates. Those who rent rather than buy are most exposed to those fluctuations. Those who buy are most likely to profit.

That's how it works. Nothing new about it and there's no way to change it, except perhaps stopping the Federal Reserve from creating bubbles with cheap money.

Re:How the Internet Ruined San Francisco (1999) by walshemj on Sunday January 19, 2014 @05:29PM (#7086346)
Strikes me that a lot of renters want the advantages of property ownership but none of the responsibilities.
Re:How the Internet Ruined San Francisco (1999) by fleshweasel on Sunday January 19, 2014 @08:17PM (#7086968)
Maybe most of them couldn't dream of actually owning property.
Re:How the Internet Ruined San Francisco (1999) by stretchwithme on Monday January 20, 2014 @09:27PM (#7093032)
Policy makers believe that rising home prices are a sign of a recovering economy, so making home prices rise will make the economy recover is what they do.

Of course, creating an effect does not create one of its possible causes.

Re:How the Internet Ruined San Francisco (1999) by walshemj on Monday January 20, 2014 @08:02AM (#7089244)
I can't afford property in central London either even a 1 bed flat is getting on for $1,000,000.
Re:How the Internet Ruined San Francisco (1999) by stretchwithme on Friday January 24, 2014 @01:17AM (#7113610)
Sometimes its a lot cheaper to rent something than it is to rent the money to own it.