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Originally Posted by SDfan
Seattle builds more homes than SD does and they're still struggling affordability wise. I can't imagine what a tech boom would do to SD if there wasn't significant housing construction to go with it. Honestly, I'm okay with SD passing on the application until we get our shiza together. We need more homes, before more jobs.
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The article I posted on Amazon (which clearly wasn't local nor any of the other various business stories on the subject) had that as one of the negative impacts that would come with their HQ deal.
The housing crisis although pretty bad here is not just a San Diego problem. It extends into any number of other cities in the state and I've yet to see a silver bullet fix. San Francisco, Los Angeles, OC all are feeling the housing crunch that is a part of the high costs of housing and living here.
A lot of it comes down to how you feel. Do you like sprawl? Maybe you do but a number of other people don't. Do you want to see building like the east coast? Maybe you like that but a lot of people don't. Maybe you like the idea of high rises on the beach like Miami? Well there's even more that don't.
I'm not sure how every city is going to "solve" its housing problem (or not) but I don't see anything on the horizon for anything but a short term fix. A lot of economist have the US economy headed to recession in the next few years (2020 gets used a lot) with even the most optimistic seeing a pretty good slow down ahead so that should level off home values for a time.
I would expect every time home prices in the state start rising you are going to see regular dialogue on the need for new housing though. This is not a problem going away anytime soon.