UltraGunner
Banned
I hope I never have to live in the Libertarian dystopia that is the Bay Area
SF has pretty strong rent control, so once you're locked in, you're pretty safe. I got lucky in town. Though the drawback is that I won't be able to ever upgrade to a larger apartment from our one bedroom if my wife and I want a family because We'll never be able to afford 2 bedroom prices. Hell, I wouldn't even be able to afford 1 bedroom these days. If I somehow get kicked out, I'll have to move out of the city. Or into the tenderloin... Even those prices are going up.
I hope I never have to live in the Libertarian dystopia that is the Bay Area
Rent control only exists on properties built before 1979.
Bay Area housing price issues extend way, way beyond San Francisco. If you work in tech and want to work within 90 minutes of your office, you're going to deal with some seriously inflated prices.
My very first thought.burn it down
That's the spirit of innovation, right there.What about doing it Uber style? Surge rent pricing! Want to keep living in your beach-house during the holidays? The rent just tripled!
I hope I never have to live in the Libertarian dystopia that is the Bay Area
The real solution is super-fast mass transit, so that people can live further away from work, which would help redirect development to less developed areas and spread out the increase in value of houses away from major urban centers, effectively cooling it.
Looks like sadly if you leave it to the free market none of this will happen, it necessitates a concerted effort from a government with a long-term vision, nothing we'll see happen here in North America.
Haha, of course, there is no such thing as anything being overvalued in a free market, right.
Still marching towards that elysium-esque future.
Actually this entire issue is resulting from the lack of a market, not because of it.
With this much value being suppressed, there's a lot of financial incentives to find solutions. But due to land rights, regulations, and so on, the market actually is prohibited from addressing the current situation in the most efficient way.
If there was anything like a free market in SF the amount of housing would double overnight.
Fucking lol
There is way too much government intervention in SF to be anything close to libertarian
There is plenty of cheap housing available, it's just too far, hence we need rapid mass transit so people can live further from work. It's clear this is the solution, but we are so behind on this that it isn't even contemplated.
This reminds me of my friend who used to make a dozen or so fake accounts and give long 1 star reviews for any apartment complex he lived at, hoping to drive their occupancy rate lower to avoid any rent increases.
I don't understand how this would benefit the consumer at all.
SF has pretty strong rent control, so once you're locked in, you're pretty safe.
What an elitist shithole this place is turning into. People who want to live here are making this place unbearable and wildly unaffordable or flat out impossible for those who already do.
If there was anything like a free market in SF the amount of housing would double overnight.
whites onlyFor example, they might consider a higher-quality bidder with a lower offer more suitable.
SF has always been a city filled to the brim with people from somewhere else, and they've always been welcome. Most people I met would usually stay or a while but then find their way to other places where things moved a little quicker, where there was more day to day intensity, where things weren't quite so chill. SF was a place to relax, with the rat race left to other places.I wouldn't say I regret my choice to move out here exactly but it's clear the tech migration was a massive net negative and a lot of the people I know are in the early stages of figuring out how to get out of town again.