Note to those who claim supply-and-demand doesnt apply to housing prices: Rents in Washington DC are falling because strong population growth has been outstripped by even stronger housing production. By contrast, San Francisco continues to under-produce housing, for example producing 2,400 units in 2013 as population grew by 10,000. As a result, rents are exploding, and its becoming increasingly difficult for middle income and working class people to live here. We can address our housing affordability crisis. It simply takes political will.
Posted on: Sun, 04 Jan 2015 16:00:21 +0000
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