Hacker News new | ask | show | jobs
by true_tuna 2697 days ago
That was my knee-jerk reaction too, but if you read the comment carefully you’ll see “truly affordable”. That’s the key. If we keep doing what we’re doing now, affordability gets worse. If we build at a fevered pace we might be able to keep up with migration and keep prices where they are. Building enough to bring prices down in the Bay Area enough to make it truly affordable is probably not feasible. It’ll take a combination of rapid building and another crash to do that. Or the complete destruction of the tech industry. But it’s unlikely we’ll convince people to allow even a little bit more building, let alone the lots more we’d need to stop the rising prices.