Because, as everyone in silicon valley knows, building things nobody wants or needs is a surefire way to maximize profits.
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"It is a giveaway to developers" translated..."we keep burdening developers with more and more costs and we don't understand why housing is so expensive"
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In all seriousness: This is a strange survey. It reads like satire. (And didn't I read that SF had a net outflow of population last year?)
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Q: Who is responsible for the Bay Area housing problems? A: Those darn newcomers who add to the traffic congestion. How does that answer even make sense? Was it solely selected by people living out of their vans?
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Asking profit motivated individuals or businesses to act irrationally by not being profit motivated makes no sense. Nobody asks you to act not in your self interest. These builders are only responding to perceived market demands.
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This seems to be common across Silicon Valleys even in Bangalore and Shenzhen...
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And now we understand why there is a housing crisis to begin with.
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I'm a little shocked that so few people think local governments are a major reason.
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This is some next level cognitive dissonance. Amazing.
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lolwut. who are these geniuses?
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Funny that the actual reason for the housing crisis isn't even listed...
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Like "The Room" being so bad its pure genius. This chart is so logically nonsensical that it transforms itself into a brilliant parody of economics.
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"I hate all developers, except the one that built my house."
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