How New York and San Francisco's Tight Housing Markets Are Hurting the Economy

Re:How New York and San Francisco's Tight Housing Markets Ar... by sadface on Saturday May 09, 2015 @12:12AM (#9515465)

Yes, in some parts of NYC (Manhattan, cool parts of Brooklyn) prices are indeed very high, but there are plenty of parts of NYC where you can find fairly affordable housing while still being in public transit range of the things that make NYC a major "World City". My friend is paying <1500/mo for a 1 bedroom in a good part of Astoria that's about 35 mins by foot + subway from times square. He only moved there a few years ago so it's not like he's taking advantage of some crazy rent control either.

You'd never find something equivalent in the bay area, so overall I think the "density argument" has some validity. Even more so if there would be willingness to expand the public transit infrastructure.

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Re:How New York and San Francisco's Tight Housing Markets Ar... by wpietri on Saturday May 09, 2015 @09:36AM (#9516336)

One guy finding a decent apartment still doesn't demonstrate that increasing density does much to solve problems. Also, I question your definition of affordable. $1500/month is 36% of the US median wage. People making less need to live somewhere too.

It also looks like you can find equivalent things in the Bay Area: http://sfbay.craigslist.org/search/apa?maxAsk=1500&bedrooms=...

I am definitely in favor of expanding public transit, though. I think that's a much better way to increase network effects.

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Re:How New York and San Francisco's Tight Housing Markets Ar... by santaclaus on Saturday May 09, 2015 @12:46AM (#9515526)

Astoria is probably next up on neighborhoods to explode in rent. Hell, LIC of all places is starting to look like parts of Williamsburg.

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