A lot more market-rate construction helps low-income renters more than subsidies

Re:A lot more market-rate construction helps low-income rent... by walshemj on Tuesday March 24, 2015 @06:29AM (#9255730)

And in SF I bet most of this market rate construction would be snapped up by overseas buyers from China looking for a save haven should the Chinese economy go really pear-shaped - just like London

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Re:A lot more market-rate construction helps low-income rent... by chii on Tuesday March 24, 2015 @06:45AM (#9255776)

then their payment would justify more houses being built, until the day they decide that they are overpaying for property, and stop the investment. This means they will sell, and thus, cause a drop in prices (and also cause a feedback loop). The existing residents would "lose value" if they chose not to sell, but new entrants to the market, looking to buy a place to utilize (not invest) will be happy.

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Re:A lot more market-rate construction helps low-income rent... by walshemj on Tuesday March 24, 2015 @07:28AM (#9255898)

There is a limited amount of land in desirable places - which is the flaw in your argument

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Re:A lot more market-rate construction helps low-income rent... by fennecfoxen on Tuesday March 24, 2015 @08:46AM (#9256196)

I live in downtown Brooklyn on the 25th of 54 floors.

Just saying.

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