“San Francisco’s YIMBY movement (“yes in my backyard”) is pushing the city to build its way out of the housing crisis.

A booming jobs market and years of underdevelopment have led to skyrocketing real estate prices and rents in the region. In 2015, the Bay area added 64,000 jobs but built less than 5,000 housing units. The median home price is now over the million dollar mark and an average one-bedroom apartment rents for more than $3,500 a month. The high cost has made it difficult for many residents to find affordable housing within the city.”

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The comment section below the video often has interesting insights. Here’s one example: “I almost applied to Berkeley for their engineering program until I realized how much the rent cost there. It was so bad that some guy was renting out a Winnebago for $700 a month. The rent problem is effecting other cities around the San Francisco area.”


Comments

San Francisco’s YIMBY Movement — 4 Comments

    • Yeah, it seems that way. That’s the nature of giant bureaucracies. They eventually grow out of control and no longer represent the will of the people.

      • The purpose of a bureaucracy is to survive and grow. Actually fulfilling it’s original intended purpose is a tiny subset of those two points. This comes from the fact that power inside a bureaucracy is measured by how many people you have working underneath you. Thus it is in the self interest of individual managers to make more work for themselves and their immediate underlings, to justify putting more people in their department and receiving more of the budget.
        So most of the endless stream of paperwork that goes along with any human endevour is there so that some middle manager can justify his raise.

        • That’s what I think. Anyone in doubt should talk to teachers about all the nonsense extra work they have do.

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