Articles like this one always seem to imply that the techies are all sitting comfortably with a giant money vault like Scrooge McDuck, laughing at everyone else and refusing to share.
Articles like this one also ignore the simple, obvious solution: remove height restrictions and mandatory parking minimums. Developers will build up, supply will increase, and housing costs will fall.
See the same problem in Austin, Texas. People that have lived here forever (justifiably) aren't thrilled with the fact that rent has gone way up as a result of the city's boom. But the very same people actively oppose the construction of new housing.
I really don't think people understand that if the demand increases, the way to keep the cost form increasing as much is to increase the supply.
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Articles like this one always seem to imply that the techies are all sitting comfortably with a giant money vault like Scrooge McDuck, laughing at everyone else and refusing to share.
Articles like this one also ignore the simple, obvious solution: remove height restrictions and mandatory parking minimums. Developers will build up, supply will increase, and housing costs will fall.
The problem is that many of the same people complaining about high prices don't seem to like the only real means of alleviating the issue; I wrote more about this here: https://jseliger.wordpress.com/2013/04/08/connecting-the-dot... .
See the same problem in Austin, Texas. People that have lived here forever (justifiably) aren't thrilled with the fact that rent has gone way up as a result of the city's boom. But the very same people actively oppose the construction of new housing.
I really don't think people understand that if the demand increases, the way to keep the cost form increasing as much is to increase the supply.