Awesome article!
London YIMBY

Good argument. To be clear, I am very much in favor of a massive price correction in/around SF that would force many developers into bankruptcy in exchange for making it much easier to live in SF.

But realistically, don’t you think that if there were 200,000 homes in the pipeline, a bunch of developers would predict the correction and hit the brakes? So you might have a correction but not one of the scale contemplated here. Best you can hope for, I would think, is a lot of little bankruptcies over time.

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