[kevinburke]

> It may be that one of the things about SF that makes it attractive for OP is that it is expensive. Keeps the riff-raff out. Not that anyone in SF would ever admit that publicly.

This is really inaccurate, and especially discouraging on a message board for "entrepreneurs", who should really be in favor of cheaper housing close to venture capital, so new businesses are more viable.

https://kev.inburke.com/kevin/sf-housing-politics/

[cjlars]

Is housing in tier 1 cities like SF a giffen good (where demand rises with price)? Possibly [1]. That said, it wouldn't be unique to SF if true and wouldn't detract from your other policy points.

[1] http://www.businessandeconomics.mq.edu.au/our_departments/Ec...

[kevinburke]

No, it's not. A ton of supply came on the market in 2016 and rents fell 5%.