[j10t]

The intersection of Mission & 16th Street is price-equivalent to Greenwich Ave & Jane Street. Assuming price per square foot is a proxy for the ratio of demand to supply, these are the most coveted locations to live in the world.

Should a retired taxi driver be able to afford such a location? Should we be upset that she cannot?

[SilasX]

Indeed. From the fact that we should care for the poor, it simply doesn't follow that we should give them luxury goods. We'd scoff at someone who suggested giving the poor vouchers for caviar. But do the same thing with housing instead of food, and ...