Many people in the Bay Area argue that NIMBYs ignore the basic economics of supply and demand. Build more housing, they argue, and prices will inevitably drop.
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There are other variables, as you know. 30 years of credit expansion, a shift away from the romantic ideal of suburban life, more dual income couples who want to be near their jobs, and extraordinary opportunities for people to aggregate wealth + power in cities like SF & NY.
Of course. I'm responding merely to a (very simple) argument I often hear.
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I hear you! I am a broker in NY, and come from a RE family. The working class and middle class are being squeezed out here, which is really unhealthy for society in general. So I think about this a lot, and people’s misapprehensions. Did not mean to pounce on your thread, tho
Thanks. Twitter will use this to make your timeline better. UndoUndo
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