Even if you taxed all of Jeff Bezos' net worth to zero, it would compensate for a little more than 1 year of home price appreciation in SF. (I support more progressive taxation, but voters literally do not understand the scale of these problems.) https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html … https://twitter.com/Austen/status/1133365603689934851 …
That is simultaneously true with the fact that housing starts are lower than they were in the 1960s and we have lots of millennials coming into household formation age. Two things can be true at once!https://www.urban.org/urban-wire/whats-preventing-millennials-buying-homes …