Comments on: San Francisco : Disneyland For Yuppies?

By: Blame the Government | Jameson

Blame the Government | Jameson — Tue, 24 Jun 2008 17:13:36 +0000

[...] San Francisco: Disneyland for Yuppies? via The Real Estate Bloggers – “San Francisco is forcing out the middle class from the city. The city has bifurcated. To live there you either have to be very well off or qualify for subsidies. The large middle class has been pushed out to the suburbs…..Of course, when you have a government that puts excessive regulation on the construction of new housing, how can you have anything different. Not letting the marketplace work and new housing be constructed creates a shortage and thus huge appreciations.” [...]

By: Jim Mc

Jim Mc — Tue, 24 Jun 2008 16:14:11 +0000

Or perhaps the government regulations contribute to the quality of life that attracts wealthy residents who then bid up the price of buying in?

And of course (he says sarcastically) there is no impact from sellers who up their selling price to whatever the market will bear or land owners willing to take a higher price which has to be passed on to the unit buyers. And of course in the absence of government regulation, developers will eagerly jump on the opportunity to build affordable housing and make less profits.

Or perhaps the issue is a little more complex.

By: Heath Coker

Heath Coker — Mon, 23 Jun 2008 19:14:26 +0000

And you might actually call it “Disneyland for Gyuppies” in light of the CA court system. LOL

By: Alex Clark

Alex Clark — Mon, 23 Jun 2008 16:40:44 +0000

I think I might just have to quote you on this:
“Of course, when you have a government that puts excessive regulation on the construction of new housing, how can you have anything different. Not letting the marketplace work and new housing be constructed creates a shortage and thus huge appreciations.”

Well said!