I am hearing intriguing rumors from the SF housing market that construction decreases rents, almost like supply & price inversely correlate.
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This seems to fit SV economics, where more free users means you're worth more money!
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And some people *explicitly* claim that the law of supply and demand doesn't apply to housing (!)
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what could possibly explain increasing supply *and* increasing prices?? except demand that is vastly outstripping supply
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SF growing faster than housing becomes available is only answer. Unit construction costs a non-factor.
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*clutches head*
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Partly this is fueled by new construction usually rather expensive, especially if just a few units are built
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and compared to demand, Bay Area is getting just a few units
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