we could afford a UBI now. I'm not sure why some people seem to think an AIpocalypse is a necessary precondition.

that's a strange way to spell "no, I didn't understand the paper"

Perhaps someone who does understand the paper will kindly make it a bit clearer for those of who get a bit lost.

it's a great place to live and there will always be high demand.

there would be more supply if not for restrictive zoning laws. and more supply = lower prices

SF has a relatively high ratio of housing units to population compared to other cities in the US and a 9.7% vacancy rate. By the numbers, it has an oversupply of housing.

That is not a valid interpretation of the data. The ratio you cite, which is a pointless one, is mostly influenced by household size. SF has a relatively small household size compared to the state and nation. The vacancy rate you cite is also not a useful one that people generally understand. There were 19000 units for sale or rent during the last ACS survey, out of 418000 physical dwellings, and that's only 4.5% which is very low by historical standards.

housing units : population is not a very salient statistic

By just those numbers, sure.

How many are homeless?

What does the median worker spend in money and time commuting from somewhere further?

1. food trucks are subject to lots of regulation and fees too

2. burrito trucks sell their burritos at the market clearing price for a burrito, which is $18 because most of that burrito truck's competition is brick-and-mortar restaurants with expensive rent because of zoning laws.

A lot of the interesting food trucks around me are routinely more expensive than the brick and mortar stores around, often due to the novelty of the cuisine.

failing to understand that the rent is too high because of zoning laws is lazy analysis.

if you are going to have a rebuttal, at least give a little bit why my take is lazy analysis. (and i'm aware your argument exists, and it's also wrong!)

* regulatory barriers to increasing supply lead to less supply

* less supply (at the same demand) leads to higher market clearing prices

really not complicated

also not complicated: https://news.ycombinator.com/item?id=46647791

why wrong? seems extremely obvious

yeah that's what tends to happen when you make several credible threats to invade & seize someone's sovereign territory

Hoping that American voters and politicians learn from this.

They won't, I genuinely believe the vast majority of Americans will call for war, invasion, etc if the price of their "treats" (TVs, cars, gas, ...) gets too out of reach.

Consumer prices are the only category that hasn't gone up in price in the last couple of decades. It's basically the only little "treat" you can look forward to while toiling away for peanuts

only because half the people watching the video are spitefully ignoring the basic facts.

that's a great paper, but did you read it? I don't see the authors reaching this conclusion. in fact, they seem pretty emphatic that restrictive zoning is a major driver of supply bottlenecks.

Yup, so only about bribes

everybody involved is evil.