My guess is that they meant: If you give a lot of people that previously couldn'... | Hacker News

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		BigRedDog1669 on Oct 17, 2023 \| parent \| context \| favorite \| on: What Happened to San Francisco, Really? My guess is that they meant: If you give a lot of people that previously couldn't afford a house more money it will increase the demand and prices. The issue is that there is a shortage of housing which is primarily due to zoning preventing the construction of houses in a lot of areas.

nojvek on Oct 17, 2023 [–]

Ah this implies definition of wealth is purely $ value, not what their inflation-adjusted “afford to buy material goods and services” value.

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