It is a (dishonest?) myth that housing is unaffordable because corporations buy Airbnbs. Housing is incredibly expensive ANYWHERE in California, do you think there are people going on vacation in Tracy or Bakersfield? No, it's because of the first rule of economics: Supply vs Demand. The reality is that population grew much faster than new housing in the past decades because local administrations continued the antihousing racist and elitist policies started with single family zoning that created a shortage that ultimately hurts lower classes. This is the typical situation of older and richer people rigging the market and hoarding resources at the expenses of every one else. You have many refreshing ideas but unfortunately you still have the same ideological bias, as many progressives, that the free market is always bad and corporations are always to blame when in this case it's (fake) progressives running Dems cities like San Francisco, that pretend to be for the poor by making developers the enemy while defending the interests of people living in wealthier low density neighborhoods with policy that are also terrible for the environment.
It is a (dishonest?) myth that housing is unaffordable because corporations buy Airbnbs. Housing is incredibly expensive ANYWHERE in California, do you think there are people going on vacation in Tracy or Bakersfield? No, it's because of the first rule of economics: Supply vs Demand. The reality is that population grew much faster than new housing in the past decades because local administrations continued the antihousing racist and elitist policies started with single family zoning that created a shortage that ultimately hurts lower classes. This is the typical situation of older and richer people rigging the market and hoarding resources at the expenses of every one else. You have many refreshing ideas but unfortunately you still have the same ideological bias, as many progressives, that the free market is always bad and corporations are always to blame when in this case it's (fake) progressives running Dems cities like San Francisco, that pretend to be for the poor by making developers the enemy while defending the interests of people living in wealthier low density neighborhoods with policy that are also terrible for the environment.