Sunday, December 29, 2013

San Francisco housing costs vs. the laws of supply and demand

Attempts to repeal the laws of supply and demand fail (SFGate):

With the economy showing no signs of slowing, and with more and more people moving to San Francisco, Mayor Ed Lee is finding himself walking a housing tightrope that is getting higher and higher every day.

"It's no longer about the teacher who can't afford to live in the city. It's about the associate at a law firm who makes over $100,000 a year not being able to stay here," said political consultant Eric Jaye.

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