Comments by "Titanium Rain" (@ChucksSEADnDEAD) on "Build More Housing! San Francisco's YIMBY Movement Has a Plan to Solve the City's Housing Crisis" video.

And the more of something there is, what happens to it's value? Let me put it in another way, if out of a sudden we found a literal gold mine that contained as much gold as we have ever extracted up to this point, what would happen to gold's value? The price of gold would drop sharply. By virtue of increased competition in the housing market, prices would be forced down. Meanwhile, the government trying to keep housing affordable with rent controls actually pushes property owners into more profitable uses of that property than housing, meaning that not only there's less housing left available, it will also not be affordable ones that will be available.
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Look, Reason has been going off it's rails during this election season to try to appeal to the democrats dissatisfied with their party. Don't judge libertarians for what Reason does, if I recall they also published a piece which was borderline calling Elon Musk a welfare queen for the horrendous crime of using subsidies in his ventures.
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dc2008242 >"we have more housing than we have homeless people" I read that on your first comment and I didn't want to address that part. But if you insist, the fact is that just because something is vacant doesn't mean it's abandoned. Someone invested on that property, someone invested in the building. Whoever sold it first preferably wanted to make a profit out of the sale. Since the original owner that buyers and sellers try to make a profit out of the property. People who acquire property and rent it out are getting back the money they spent on acquiring the property. Yeah, the banks are evil, but we can't just steal their property and give it out to the public simply because it exists. Where do we draw the line? When does it stop being about the banks, and we add people who make 200k a year to the list? When do we add people making 100k a year to the list? Is every kind of property okay to "redistribute"? Because we can't say it's okay for housing and come up with a moral standard that says everything else can't be stolen.
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