I will steal a comment from Hacker News, because it was that good of an explanation of why this article, as interesting of a read as it is, says nothing: “To say that the technology is best when it’s ripe for replacement could just be flipped around. Technological advances happen when they happen and whatever gets replaced was the best we could do before then.”
Politicians in the San Francisco Bay Area are getting pulled in every direction, this NYT article tries to explain some of the complexities involved. In a strange coincidence, this article came out roughly a week after I read Kim-Mai’s article, linked above.
A clear economic analysis of the housing market in San Francisco, its history, its distortions, and its intricacies. Zac makes good arguments, proposes attainable solutions, and brings examples of other cities arount the U.S. that have solved similar housing crises before.
While the city officials’ skepticism is understandable, their stubbornness to work with a capable person due to his background is not. Two very unexpected things I learned from this piece: 1) San Francisco’s homeless population has been around 6000 for over 25 years. 2) between nonprofits and city departments, $241M/year are spent on supporting San Francisco’s homeless population. That is, roughly $40k per person.
As usual, Thoma asks the right questions. I am particularly interested in the “how is the social interest is defined?” aspect of his article. When companies, and identities, span across the world, our definitions of society change too.
As the source name implies, this is not about San Francisco, but Los Angeles. “…we can’t solve society’s mobility problems by trying to ensure that everyone gets a $250,000 car. We don’t need subsidized Lamborghinis, we need Honda Civics.”