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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

#251

Earlier quoted context omitted.

There is no way for San Diego to grow that fast overnight anyways. If it grows gradually, and it’s still desirable, that will attract more jobs and more people eventually, the city won’t become more affordable (long term) until it stops attracting new residents. Otherwise, new housing simply provides temporary relief while the city grows. Paris is a good example, I think, of a city expensive by French standards. My p…

> the city won’t become more affordable (long term) until it stops attracting new residents I really hope we don't have indefinite large amounts of US population growth. And if we mostly stabilize the population, then it only takes a few 16M cities to absorb all the demand and make the relief permanent. > Paris is a good example, I think, of a city expensive by French standards. My point was that if your theory is yo…

> I really hope we don't have indefinite large amounts of US population growth.

You don't need indefinite growth. People generally want to live in a few cities; e.g. they don't really want to live in Toledo, they want to live in San Deigo. So you just have to let people live where they want to live, not where they have to lvie.

> Then consider this particular argument not that you can build to a nebulously defined "affordable", but that you can build to "San Diego has between 100% and 1000% of its current population with rent 40% lower than it is right now".

That has literally never happened before and I don't see how it will happen first in San Diego. Mega cities get more expensive, not cheaper, as they grow, since the concentration of human capital and jobs make it even more valuable to live there.

Re: San Diego rents declined following surge in supply

#252

Earlier quoted context omitted.

> the city won’t become more affordable (long term) until it stops attracting new residents I really hope we don't have indefinite large amounts of US population growth. And if we mostly stabilize the population, then it only takes a few 16M cities to absorb all the demand and make the relief permanent. > Paris is a good example, I think, of a city expensive by French standards. My point was that if your theory is yo…

> I really hope we don't have indefinite large amounts of US population growth. You don't need indefinite growth. People generally want to live in a few cities; e.g. they don't really want to live in Toledo, they want to live in San Deigo. So you just have to let people live where they want to live, not where they have to lvie. > Then consider this particular argument not that you can build to a nebulously defined "a…

I'll put it this way. If 10-20 popular cities try to outbuild their population growth with a cap of 16 million people each, at least some of them will succeed. Three quarters of the US population isn't going to move into 10-20 cities.

The only way that general idea fails is if the demand concentrates so strongly into a couple megacities that we don't even have 10-20 non-obsolete cities left. That seems unlikely to me.

Re: San Diego rents declined following surge in supply

#253

Earlier quoted context omitted.

Unfortunately, housing is not merely treated as a cost issue for most people. Where we live is a social and even spiritual experience. We're not bugs that mindlessly perform our economic duty and then return to our hole. We're human beings who like space, freedom, and the ability to control our surroundings.

Some people like those things but it's a matter of perspective. The American point of view of sprawling suburbs and automobiles is just one perspective on freedom. To many, it is not freedom. Having to drive a car is not freedom. Having to commute huge distances is not freedom. Having to live in isolated homes is not freedom. Etc. There's no right or wrong answer, and I take issue with the notion that however our cul…

When someone wants a huge backyard to do nothing with it: valid desire

When I want a commute to work/family/friends that isn't 2 hours: invalid desire

Hmmm

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