b-boy bouiebaisse

@jbouie ↗

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Last Checked Oct. 11, 2022

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Mon Oct 03 12:08:17 +0000 2022

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b-boy bouiebaisse @jbouie

@samthielman Yes. The median home price there tripled in less than a decade, which is something that doesn’t happen in the absence of a severe supply crunch. And you can see it in the numbers, from 2015 to 2021 the city permitted just 3,500 units/year. — PolitiTweet.org

Posted Oct. 3, 2022

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b-boy bouiebaisse @jbouie

@samthielman Even in New York though, there is a clear gap in housing, if you measure the gap by growth in jobs versus growth in housing units. Not as bad as SF, but well below what you would need to even begin to stabilize market rate prices. — PolitiTweet.org

Posted Oct. 3, 2022

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b-boy bouiebaisse @jbouie

@samthielman Housing demand is so high, supply is so low and prices are rising so fast that even if you were a money launderer it would still make good sense to rent out a unit. — PolitiTweet.org

Posted Oct. 3, 2022