101–110 of 562 posts
If the city would rezone all of the single family homes into higher density buildings, this wouldn't be a problem. Flood the area with supply and the cost will go down to reasonable levels. This is a problem all across the nation. Everyone wants a single family home, so this leads to two things: outrageously high costs of homes, or people moving out to the suburbs and thus worsening the rush hour traffic and smog iss…
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I think most people doubt supply and demand to some degree. How often have you seen someone argue we should secure the supply of food to disaster zones by repealing price gouging laws? Rent control is popular because many people believe, wrongly but wholeheartedly, that landlords are just price gougers and everyone could get cheap adequate housing if they weren’t manipulating it.
My opinion is that rent control is much less about actually controlling rent, and more about controlling who is allowed to be in the city and where. Most rent control systems I’ve seen strongly favor those who have been in their current apartment for a long time, as moving often resets the rents back to market rate. And while that does help avoid evicting long time (and old) tenants, it also has the effect of forcing…
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Both. I spent the last decade having these conversations with people who also grew up here and can’t afford to remain here without staying with their parents, with some of the stranger conversations devolving into my counter parties brainstorming ways to kick tech people out of the City and stop new people from moving in altogether, as if freedom of movement in the United States wasn’t really a thing. It’s not “suppl…
Exactly -- there's a pervasive belief in the bay area that high rents are solely due to the evil cabal of landlords who meet every week in a dimly lit room and agree to charge sky-high rents while cackling maniacally and twirling their perfectly-waxed moustaches. The sudden COVID-related rent price drop indicates that this theory is nonsense, and that the high rents are solely a function of supply and demand, but I'm…
Let's not pretend this is Milton's economic utopia.
Dear SF, More apartments built will not help make housing more affordable for normal people. Learn about the NYC real estate market- even pre covid apartment vacancy was extremely high, and the true numbers are unknown because building developers are manipulating the market by releasing units slowly. With all the excessive inventory in NYC, you'd think that a normal person (defined by median income) could afford to b…
If the city would rezone all of the single family homes into higher density buildings, this wouldn't be a problem. Flood the area with supply and the cost will go down to reasonable levels. This is a problem all across the nation. Everyone wants a single family home, so this leads to two things: outrageously high costs of homes, or people moving out to the suburbs and thus worsening the rush hour traffic and smog iss…
Increasingly, single family detached homes in the interior of SF are owned by the very wealthy who can remain in the city to shape policy over the long term, while renters come and go. So don't expect anyone at City Hall to swing a wrecking ball in the direction of Pac Heights. The problem has solved itself already - the US is big and empty. There is little reason to stack people twenty stories high in a Zoom economy…
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Honestly I'm surprised no other city in the bay area has taken the baton and aimed to overtake SF in terms of relevance by becoming the densest, most thriving city in the region. Oakland is at least trying to cope with demand in some neighborhoods. I'm rooting for that.
I would say it’s basically impossible to recreate a dense city based on today’s codes of construction requiring numerous safety/ADA measures in the US. In an existing city, the cost to purchase land and buildings that would need to demolished, rezoned, and rebuilt as a higher density area with accompanying infrastructure is astronomical and wouldn’t be possibly by anyone other than the federal government only because…
The biggest issue with residental construction today is approval process and the amount of land that can be utilized.
An unreliable approval process means increased investment risk which keeps away investors.
Setbacks and parking space requirements significantly impact the amount of usable living space per acre of land.
Both of the above can be addressed by local municipalities. High density dwellings are going up all around in the rest of the US.
Don't ask, Don't get. Everyone I know who has asked for a discount has got the discount. After several months of the pandemic, and noticing the adjacent apartment being relisted by my landlord at a discount I emailed my landlord and asked if I could have my rent adjusted by the same discount. They said yes, if I committed to another years lease. Saving 5% of rent, at the cost of a one year commitment didn't seem like…
Added bonus: The apartment is rent controlled so it will take 2 to 3 years before rent climbs back up to our old level, if we stay.
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I’m not sure why, but a surprising number of people seem to have convinced themselves that supply and demand doesn’t apply to housing.
I think most people doubt supply and demand to some degree. How often have you seen someone argue we should secure the supply of food to disaster zones by repealing price gouging laws? Rent control is popular because many people believe, wrongly but wholeheartedly, that landlords are just price gougers and everyone could get cheap adequate housing if they weren’t manipulating it.
Dear SF, More apartments built will not help make housing more affordable for normal people. Learn about the NYC real estate market- even pre covid apartment vacancy was extremely high, and the true numbers are unknown because building developers are manipulating the market by releasing units slowly. With all the excessive inventory in NYC, you'd think that a normal person (defined by median income) could afford to b…
What should we do robbyt?
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It's a side effect of de-taxing land. The more land becomes an asset and the less it becomes a liability (e.g. by capping property taxes) , the greater incentive there is to hoard it and jealously guard its value with NIMBYism which leads to even less development, greater shortages and even higher prices on an upward spiral. Saying "it's about supply and demand" is not technically wrong but it glosses over the toxic…
But they are using land productively as they are making $3100 a month off of a small studio. Also I doubt if raising taxes will result in anything more than them passing that cost on to the renters.