[ripley12]

Awful headline and I doubt it's what the author would have chosen, given that her comments are much more to do with supply:

> “In San Francisco, demand is reflected in increased prices,” she says. “In Charlotte, demand is reflected in increased quantities.”

> “A big takeaway is that cities are in control of a big portion of their supply sensitivity,” Gorback says. “It’s cities that control zoning. It’s cities that control permitting. The real keeper of the keys are the municipalities.”

[legitster]

It's kind of insane that you look at a city like San Francisco that's on a tiny bit of land in a desirable location and they absolutely refuse to build up.

I get that their Victorian houses are pretty, but they're only about a 100 years old and they are now crammed full of people and cars. It's too young of a city to be sycophantically in love with its past self.

[kurthr]

Some 10-15% of San Francisco housing is unoccupied. The exact why and how to fix it are arguable, but I'm doubtful the investment is actually helping.

https://www.pacificresearch.org/time-to-ask-why-so-many-san-...

[legitster]

2 things:

- this article is out of date. The market has changed a lot since the AI boom. - That's a 10%ish of all housing in the city. Right now, of available units SF has one of the smallest vacancy rates in the country right now. The difference is (as the article alludes), apartments that are undergoing renovations, not currently permitted, etc.

[khuey]

https://socketsite.com/archives/2022/02/there-are-not-40000-...

[BobbyJo]

When a good's supply is constrained, it becomes a store of value. See: gold.

Strangely enough, if housing got built in response to price increases, there would likely be less unused housing, because it would be seen less as a way to store capital.

[fragmede]

Taxing empty housing seems like the obvious answer. Make it more expensive and more work to keep it empty than it is to fill it.