Feb 6, 2019
Yes, we need more housing. But the real "market distortions" propelling the crisis are inequality, speculation, financial bloat, tax havens, and more.
An article from the archives by a former advisor I somehow missed on the Bay Area Housing Crisis:
"Three basic forces are driving the Bay Area's housing prices upward: growth, affluence, and inequality. Three other things make matters worse: finance, business cycles, and geography. All of these operate on the demand side of the equation, and demand is the key to the runaway housing market."
