Indeed its self induced. The local opposition is incredible when it comes to skyscrapers and providing ample housing. Measures taken are marginal if that. Now with "self-induced", there is an indication that it pertains to NIMBYS, and not everyone. The politicians, the local community boards the stifle development (often wealthy), and the over-regulated nature makes it hard for the law of supply with respect to demand to adequately address the present and future needs.
All one has to do is look at the pipeline report for your city on various quarters both this year and/or the past years, and look at the trends for actual construction versus the immense backlog. Its a slow process, hindered by a slew of other issues that plague the soft cost stage of things.
Proposition E, yet another hinderance.
I just find it difficult on a concept level how your fine Craig with ridiculous rents that are only rising, and property prices across the region that are not ideal for any middle class folks.
And now, restrictions on office and skyscraper construction mitigation. I suppose if your fine with long term diminishing results, if that's your cup of tea, so be it.
Quote:
Originally Posted by homebucket
Lol wow. Is this really how people outside the Bay Area view it?
I must've been living here too long to realize I'm fermenting in my own chaos.
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The business community does, yes indeed. Again, not trying to attack the residents, because they are dealing with a housing condition and cost situation and business migratory climate induced by bad policies and one could say an aura of selfishness by those who are more interested in preserving their property values than providing an ample climate for new comers or the young kin of California to thrive. We all know the wages are higher in California, but even than, pound for pound, they need it to keep up with the asinine costs. Outside of those well off or that struck the right jobs in the right industries, the middle class is struggling. Forget the lower class, they are a galaxy away from having good odds to rise up. And if one wants somewhat affordable conditions, the rise of the super commuter comes into play.