Big City government causes housing prices to soar in San Francisco
Today's article in the Daily Pundit says what we have been saying for a long time... the San Francisco city government has so many rules and regulations that it makes it hard for people to build new homes. Combine that with rent control, and you can see why things have gotten out of hand. To quote:Short of removing rent control or drastic free-market surgery on zoning regs in NIMBY neighborhoods, there is little or nothing the City can do to lower housing prices or increase the housing stock...
...Unless and until SF becomes capable of a free-market response to that fact, rather than the usual Big City-Big Government-Big Control methods, housing will continue to be ridiculously high compared to most other places in the U.S.
- Bill Quick, The Daily Pundit
posted by SFResidence.com @ 11:12 AM
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