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San Diego rents declined following surge in supply

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Re: San Diego rents declined following surge in supply

#121
post #63

Earlier quoted context omitted.

For the same reason that NIMBYs care so much about urban trees or spotted owls. They don't actually give a shit about them, they just are willing to say or do anything to sabotage the process of increasing housing supply.

Being a NIMBY I want to live in the neighbourhood I bought a house in, not the one someone who can leave with a months notice feels like turning it into.

I think this us a fair feeling. One chooses a house based in part on the area as the specifics of the house itself. Wanting the neighborhood to remain unchanged is a reasonable desire.

Unfortunately, as much as you desire it, it's not something you can control. Neighborhoods change all the time. That good school you moved to be close to can decline, people with the wrong politics can move in next door, the convenient mall may close.

Yes, local politics gives you a vote. But of course we all get the same vote, homeowners and wannabe homeowners.

So, I think your want is valid, alas though you have no rights to your neighborhood and so your want is just what you want.

Of course you should stand up for your wants. But wants are not rights. So it's equal to everyone else's wants.

I'm upvoting you because your desire is not invalid. However, and I don't mean this perjorativly, your wants don't legally count for much. Just as much as any other person.

Re: San Diego rents declined following surge in supply

#122
post #76

Earlier quoted context omitted.

Being a homeowner, you get a title to your lot, not your entire neighborhood. You have no legal claim on your neighbor's home. If you want a legal claim on your neighbor's home, join an HOA. Or just buy it.

You do. It's called zoning.

I have a bridge to sell you

Re: San Diego rents declined following surge in supply

#123
post #67

Earlier quoted context omitted.

Supply increased, rents declined.

Short term. Long term the market will change to equilibrium. If you are buying, just lock in lower housing prices now. If you are renting without rent control, you get one or two years of reasonable rates and then it will go nuts again.

This is an obviously farcical belief.

If everywhere built more housing do you think the price of housing would go up? Where are these people bringing up housing prices coming from?

Re: San Diego rents declined following surge in supply

#124
post #82

What is this country's allergy with public housing? Not pursuing that feels like jumping in water with our hands tied behind our backs

Is there a current best practice for public housing? I remember a project here in South Australia that integrated some apartments for low-income or homelessness-risk tenants, amongst other tenancies. Idea being that it made for a melting pot rather than risk of only slum or only premium housing. But I don't think it was done at any real scale.

No. Housing is a volatile topic. My vociferous rage comes from an american perspective. But mixed-class housing is generally positive

Re: San Diego rents declined following surge in supply

#125
post #41

> San Francisco led the nation in annual rent growth this month, with both one and two-bedroom prices hitting new all-time highs, marking the highest levels in over a decade of Zumper data. One-bedroom rent climbed 18.4% to $3,790, surpassing its previous peak of $3,720 set in June 2019, while two-bedrooms rose 22.6% to $5,270, exceeding the prior high of $5,120 recorded in September 2025. From the Zumper report. 22%…

San Francisco is notoriously the most anti-new-housing city in the country.

Re: San Diego rents declined following surge in supply

#126
post #59

Earlier quoted context omitted.

I've been told repeatedly by people who have a vested interest in maintaining high housing prices that supply and demand don't work at all, ever, for any reason, and high prices are no reason to build more housing. How do I reconcile these facts?!?

If demand for cars skyrockets then you (eventually) get more cars at the same price coz the manufacturer can just make more. If everybody wants to buy up land because "god isnt making it any more" you get less land at an even higher price which makes it even more attractive as a store in value. So no, supply and demand doesnt really work for land the way it works for everything else. Land needs to be taxed a lot to c…

>If everybody wants to buy up land because "god isnt making it any more" you get less land at an even higher price which makes it even more attractive as a store in value.

Yes but people aren't trying to buy land, they are trying to buy housing, which yes, has a foundation on land but also can increase vertically without significantly increasing the land usage.

Re: San Diego rents declined following surge in supply

#128

Earlier quoted context omitted.

> and they would sell their old house lol in reality they just keep their "investment" and, in some cases, decide to convert their old house to an airbnb for extra passive income

There's only so much demand for airbnb, and most of those kept houses would be rented out which still improves supply.

> there's only so much demand

Yet SoCal suburbs are full of them. And it doesn't necessarily add supply, since most people seek leases longer than the maximum 90 days set by Airbnb. Unused short-term rentals offer significant tax writeoffs. The owners don't need demand, they just need the plot's assessed value to continue increasing.

It's surreal that orange site seriously thinks rich people would ever liquidate the most inflationary asset in the West.

Re: San Diego rents declined following surge in supply

#129

Earlier quoted context omitted.

There is abundance of housing. It's just that people want to live in big metro areas that have extreme concentration of economic opportunity and amenities. I don't understand how transforming every urban area into Kowloon Walled City will solve that unless your plan is to make it so dense that people will finally find it undesirable to live there?

At the density of Kowloon Walled City, the entire population of India could fit within the city limits of San Diego. Nobody is asking for that, silly. We could 1.5x the density of San Diego and still have the livability of Copenhagen. We could 3x the density of San Diego and still have the livability of Vienna. We could 5x the density and still have the livability of Paris. 8x and still have the livability of Tokyo.…

Paris [1] and Copenhagen [2] have similar housing issues. Both are some of the most expensive cities in Europe [3]. Vienna has a large municipally owned and non-profit housing stock [4]. The situation in Tokyo was okay while it was growing its stock like crazy, it is facing an intensifying affordability crisis right now [5]. If there is a bliss point at which the housing crisis is solved with density before Kowloon Walled City levels, it surely not at Tokyo levels. What do you think that bliss point is? Why do you think it is a better solution to grow city densities to those levels rather than trying to make it easier to live and work in compact, mid-rise 15-minute cities that people generally seem to prefer? [6]

[1] https://www.lemonde.fr/en/france/article/2026/04/20/french-h...

[2] https://www.politico.eu/article/copenhagen-denmark-mette-fre...

[3] https://www.vanguardngr.com/2026/01/top-10-most-expensive-ci...

[4] https://www.theguardian.com/commentisfree/2025/jul/10/housin...

[5] https://www.japantimes.co.jp/news/2025/09/29/japan/society/r...

[6] https://www.tandfonline.com/doi/full/10.1080/02697459.2026.2...

Re: San Diego rents declined following surge in supply

#130
post #71

Earlier quoted context omitted.

Zoning is the hobby horse of property developers. They're endlessly frustrated by the way zoning prevents them from building the most profitable construction - no matter whether there is a good or a bad reason for it (sometimes it's good sometimes it's not). This inspires a lobbying and public outreach effort to try and convince people that relaxing zoning rules will fix everything . As with many corporate lobbied fo…

"It won't fix everything" doesn't seem like much of an argument against it, though?

It's like the starfish tale - https://www.thestarfishchange.org/starfish-tale

Adding a dwelling unit won't solve the problem for everyone - but it will solve the problem for someone!

(Now there's perhaps an offset argument - if you can afford to build or buy, should you build so as to increase the supply?)

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