[quote=bearishgurl]
We just had a new poster post on this thread last night (scottinob) who believes, as a millenial, that he should be able to buy or rent in the area where he grew up in. Essentially, he feels he should be able to live near extended family.
[end of rant][/quote]
Scott’s quote said he “would like” to stay near family. No where does he say he expects or should.
I think Scott makes a valid point about SF. Just because no new housing is built doesn’t mean people don’t move in. Prices just go up for long time residents, locals, seniors, new residents, etc.
Then people want rent control which is entirely the wrong answer. The correct answer is to build more supply.
It probably won’t be SFR, but it makes sense to build more dense multi-family with good mass transit options. Just look at Asia, where many shopping areas, and restaurants, have residential mixed in.
The problem with not doing anything is that eventually prices become extremely expensive for both renters and owners, and traffic becomes terrible. So yeah, people that are still here have their homes, but the overall society is worse.
