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by cm2187
1318 days ago
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Well, Japan hasn't seen population growth. I have a lot of sympathy for deregulation and think it should be the primary tool, though many cities also have a character and you can't replace every construction with a high rise building without destroying the city. Think of Paris or London. |
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I don't know why this is everyone's immediate reaction. I'm saying housing is governed by supply and demand. If you want to drop prices you can either increase supply or decrease demand. They allowed supply to meet demand by increasing supply into flat... ish demand. ([edit] SF and Tokyo both grew ~10% from the mid 90s). So the system works :)
> I have a lot of sympathy for deregulation and think it should be the primary tool.
Great me too.
> ... though many cities also have a character and you can't replace every construction with a high rise building without destroying the city. Think of Paris or London.
Think of Hong Kong. A wonderful city. It's very different from the 50s when it was basically the same height as SF. I don't think anyone misses that. ([1] before, [2] after - I'd hardly call that ruined).
Yes, construction will change the character. But so what? Look at SOMA. Do you miss the old warehouses? I don't. And I certainly wouldn't miss the mishmash of almost identical 4 story buildings in the Sunset. They ain't no painted ladies is all I'm saying. Or much of the Mission. Honestly the entire SF affordability crisis would disappear if the Sunset was zoned 6 story instead of 4.
Embrace change!
[1] https://www.mardep.gov.hk/theme/port_hk/en/p1ch6_1.html#
[2] https://en.wikipedia.org/wiki/Victoria_Peak#/media/File:Hong...