[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%.