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The Bob Cesca Show: Diverticulitis

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klys (maker of Silmarils)1/19/2018 5:34:39 pm PST

re: #353 Quoth the raven, Covfefe.

Yeah, and that’s the problem. I think the housing pricing is being set on the same impressions that I had, and there’s not enough people able to live up to that expectation.

It’s a really complex issue with a lot of thorny bits. Pricing is set to a large degree on demand. There’s not a whole lot of buildable land left in the Bay Area, honestly - switching to higher density is probably a big requirement, but that means giving up the single family home out of the “American dream” so it’s a tough sell. Then you need to be able to cope with the traffic load of the increased density which we’re already doing a shitty job with traffic.

And that’s before we get into things like Prop 13 and the impact that’s had on prices and services.

CA real estate pricing is just fucked up.