Anyone else notice that every policy of the left makes goods and services so unaffordable that you MUST be subsidized in order to afford it?
We all know the purpose behind that as well.
location location location
Always the primary factor in real estate.
You could an own a house that looks like the one in Green Acres.
But if it is located in Bel-Air it would be worth many millions.
Grossly over-simplified argument. A lot of that open land along 280 for example is watershed for public drinking water. There are two ways to solve said housing shortage: build more housing or PAY people more money to afford what is there.
The place that my aunt lived built “the projects” across the street.
it USED TO BE a beautiful old polish neighborhood. They had celebrations for all the holidays and the streets were filled with people and so much fun.
Then they built “the projects”
Within one year you could not safely walk the streets. The housing prices plummeted to 1/5th of their original value.
Everyone moved, the place was taken over by drug dealers and gangs. These days it looks like a war zone.
And all for about $165,000 PER PERSON (and this was 20 years ago) They could have bought every single man, woman, and child an entire house EACH for 1/3 of that.
That’s what happens when you vote Democrat to ‘help people’
“Supply and demand” is an economic fact, as is the fact that you can’t just will more supply into existence because the demand increases. At some point there must be enough “friction” to reduce demand lest the supply disappear entirely; many deride this as “price gouging”, but it’s just prices going up until people stop buying except for those who DO want it that badly and CAN afford the outrageous prices, and if it’s not the prices rocketing into the stratosphere then it will be decreasing the quality until nobody _wants_ it anymore. Sure prices in SF are stupid high, renting a bunk equalling my 2400 sq ft suburban retreat - because way more people want to be there than there’s space for; lower the prices and you’ll get even more people & buildings piling in until it’s Kowloon On The Shore.
As Madeline Albright noted: there’s a lot of space in this country. Much of it is really cheap, and you can put a nice “tiny house” on it cheap - as in a simple studio configuration on an acre for $10k, the price of renting a bunk in SF for half a year ... it’s just in freaking _nowhere_.
But only for immigrants.....people already born in America, you know, native Americans, should be living in 10x12 boxes in huge megalopolises. No land for them.
Basically, liberals are saying: "screw you native born Americans....immigrants, legal and immigrant are far more important than you. But dear immigrants, please don't move near me or other liberals. We need our space."
No problem, the minimum wage has been raised to $15/hr.
Yeah, that should do it.