Irish Exit
Verified User
That may be true. They may indeed go to the wealthy. But if you increase housing supply, you are going to put downward pressure on home prices and rental rates. Assuming population increase does not occur at the same time to offset the increase in supply.
Sf only has so much land. The gentrification will continue. It is what the market does. The only way to make a difference would be to build massive public housing units and put poor and middle class people in the ghetto together. Otherwise, the rents and list prices will keep going up up up.....at least until the next big shake hits them and kills off a huge chunk of the population. Nothing like a giant disaster to make people say, "You know, Raleigh-Durham-CH seems like a good enough area to move to.