OK, so this would mean the way to make San Francisco as affordable as (say) Portland would be to either cut everybody’s salary in half, or fire half of them, or allow the city’s population to rapidly grow about 50 percent, to about 1.2 million, while the number of housing units increased even faster. — Michael Andersen, on Medium
In discussing San Francisco's rising housing costs over the years, journalist Michael Andersen re-emphasizes some points in this recent blogpost by a man named Eric Fischer, who took his own approach in analyzing the city's housing prices before 1979, when SF's rent-control rates began being recorded. While Fischer's method may not be perfect, Andersen argues that the findings could shed new light on San Francisco's housing market.
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