So You Want To Fix The Housing Crisis in the Bay Area
Joyce Park stashed this in Tech biz
I know going to long boring planning meetings is the very last thing hip young techies want to do with their evenings... but without old-fashioned political action, you will never be able to buy a house or live in a nice yet diverse neighborhood. When the economy is booming, you increasingly will not even be able to find a shitty apartment to rent. It's really that simple.
It makes sense that people who already have houses don't want more built.
More houses mean more traffic, more pollution, more people in public places to contend with.
Still, how awful is it that 7 of the 10 most expensive places to live in America are between SF and SJ?
More houses mean more SUPPLY, which diffuses DEMAND... which means that when a homeowner wants to sell, they won't get as much cash. I hate to say it, but there is no dollars-and-cents reason for a Bay Area homeowner like me to want more housing. :(
An update: the growth-oriented candidates mentioned in this article won everywhere except for Palo Alto! Surprisingly high turnout in SF for a midterm, like 37% I heard on election night.
I guess that's great. 37% seems so low.
And Palo Alto is filled with people like you talk about: They want their house prices to keep going up.