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UncategorizedA little reality about the housing market in SF

A little reality about the housing market in SF

By Tim Redmond

Michael Yarne, a developer, former mayoral advisor and advocate for increased housing construction in San Francisco, has a metaphor for what economists call The Market: It is, he told a forum this site helped sponsor Nov. 7, a river: You can’t fight its flow, and if you don’t learn to swim in it, you’re going to drown.

Now: I have often said that ecology and economics have a lot in common, starting with the fact that nobody really understands either one. But there’s a big difference – and when we talk about the San Francisco housing market, it’s a critical one.

A river is a natural system. When humans mess with it, they tend to screw it up. The economy – for example, the housing market in San Francisco – is an artificial construct, something humans developed to solve the essential problem of who gets what and how. We created the housing market, and we can change it; in fact, we can control it. The economy works for us; we don’t work for it.

And in this case, the only way to make the market work is to strictly regulate it. (more after the jump)

48 Hills welcomes comments in the form of letters to the editor, which you can submit here. We also invite you to join the conversation on our Facebook, Twitter, and Instagram. 

Marke B.
Marke B.
Marke Bieschke is the publisher and arts and culture editor of 48 Hills. He co-owns the Stud bar in SoMa. Reach him at marke (at) 48hills.org, follow @supermarke on Twitter.

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