Ah yes, people who effectively want a de facto policy of having a median regional Bay Area single family home price of $4M in 20 years, just as climate change starts to further winnow the availability of land we can use to create housing for future generations. https://twitter.com/daguilarcanabal/status/1107091405233520640 …
But if no one builds houses and 500K Californians are born a year....
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... then something novel happens. Inflation at the national & global scale control realizable gains of tech companies. SF is just where they conduct the destructive testing. Unless 300sq miles of SV becomes a private economy, there can’t be enough money to double prices again.
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Indeed, high end demand definitey controls the prices, not the total demand. Another million people who need homes have exactly zero impact on a market with 10,000 available homes and 10,000 to-be multi-millionaires.
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