Michael Storper on housing

Watch the video of the eminent economic geographer talking about housing in SF -- and other American cities.

There were so many interesting moments in the presentation by eminent economic geographer Michael Storper April 30. One of the more remarkable things he said: For the richest 30 percent of the population, housing costs as a percentage of income have actually gone down in San Francisco. That’s right: The issue isn’t a “housing crisis” for the top third of the population; it’s an affordable housing crisis for everyone else.

Storper talked about why he doesn’t think the theory of “filtering” — that is, the idea that if you build high-end housing prices will eventually fall at the other end of the spectrum — doesn’t work.

it was a fascinating discussion, and the video is now available. Check it out:

Tim Redmond has been a political and investigative reporter in San Francisco for more than 30 years. He spent much of that time as executive editor of the Bay Guardian. He is the founder of 48hills.