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by mcguire 2981 days ago
Pardon me for appearing to be the spokes-person for market economics, but if "congestion, long commutes and sprawl is hurting the U.S. (and Californian) economy", wouldn't they be self-healing problems?

Do "younger generations ... want to live and raise families in a city with reasonable housing costs" or do they want to accumulate as much of the easily-available money there a fast as possible? (The former is available almost anywhere.)
2 comments
lostapathy 2981 days ago
It probably is self-solving, but probably not over useful timescales.

Further - it seems like the people truly making the decisions (i.e., the people deciding to keep company headquarters in SF rather than moving) are in a better economic position than the entry-level people who pay for those decisions in quality of life.

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closeparen 2981 days ago
The "market self-healing" here is the development of multifamily residential near jobs and transit, which is already close to legal limits.

What's not available "almost anywhere" is your industry's center of gravity.

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