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re: U-haul Shortages In San Francisco

Posted on 3/7/18 at 7:29 am to
Posted by bobaftt1212
Hills of TN
Member since Mar 2013
1317 posts
Posted on 3/7/18 at 7:29 am to
which is heavily influenced by taxes and policy right?
Posted by TH03
Mogadishu
Member since Dec 2008
171114 posts
Posted on 3/7/18 at 11:24 am to
quote:

which is heavily influenced by taxes and policy right?


Supply and demand and wealthy investors buying property just to rent it out mostly. The article even states that some wealthy tech investors might seeing that prices are now too high to rent out so they’re getting out since they can work remotely. Seems like they milked it dry and now it’s too expensive to attract lessees.

quote:

The sky-high rent and cost of living that we've come to expect from the Bay Area might have finally taken their toll on a large proportion of residents. A huge wave of people are considering more affordable cities outside the world's tech capital, and they're taking their startups and investors with them, as Kevin Roose reported for The New York Times.


People renting are leaving and the people who rent to them can’t make money so they’re leaving.
Posted by Peazey
Metry
Member since Apr 2012
25418 posts
Posted on 3/7/18 at 11:33 am to
It's highly influenced by the demand of property and success of industry in the area.
Posted by Quinn225
Member since May 2017
408 posts
Posted on 3/7/18 at 12:03 pm to
quote:

which is heavily influenced by taxes and policy right?



Didn't read the article? Typical.
Posted by White Roach
Member since Apr 2009
9477 posts
Posted on 3/7/18 at 12:13 pm to
quote:

which is heavily influenced by taxes and policy right?


And geography. Why is Manhattan so crowded?

If SF and NYC sucked as much dick as many of you think they do, why in the frick would anybody want to live there at all, much less pay an extraordinary premium to do so?

Both are crowded and expensive. 15,000 people leaving SF isn't shite and 15,000 leaving NYC isn't even a fart.
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