So this article gives an explanation for why people would want to push up rents and property values.
Anyone know the how of it? Rising rent compared to wage would normally lead to increased building, so this must be prevented somehow.
Anyone know the how of it? Rising rent compared to wage would normally lead to increased building, so this must be prevented somehow.
Here is just one example...
http://www.bizjournals.com/sanfrancisco/blog/real-estate/201...
The TL;DR of this article is that a large new apartment block in SF is being held up by a construction union because the developer is refusing to hire union labor for every contractor role in the project.
Maybe we should reduce the red tape around building new structures and see how far that gets us before plowing more money into public housing and other government interventions.
If you have the capital, you can build whatever you want as long as you don't physically endanger other people (building meets earthquake and fire codes, etc.)