Put another way, an ocean of money was poured into a thimble and no amount of "increasing supply" is going to make a difference. Make it two thimbles, ten thimbles, a hundred thimbles, it's still going to leave a mess.
So? The problem is not "too much money", it's too little housing. Having lots of highly-paid folks around is good for local workers' incomes; housing scarcity is really bad for them. Homelessness happens when people can't afford to pay for a home.
You're describing income inequality. Personally, I don't believe income inequality is good for everybody. I think it tends to benefit some people at the expense of others.
https://chatgpt.com/share/67b36262-3c7c-8013-aa61-f1ff8088fb...
No, I don't. I claim it's difficult and unlikely.
EDIT: so long as it offers an urban playground to people earning high salaries, that is
Equally curious which the non-working property owners fall into as well?
You can always arbitrarily divide people into two groups by making one "everybody else", but the two groups you name are not coherent classes. (Not even the first, which overlaps both [a relatively well paid segment of] the working class and the petite bourgeoisie, but especially not the second, which spans from the lowest of the working class to the highest end of the rentier/capitalist class.)
As for "we're actively accomplishing it in other cities", I'm interested in these questions:
1. Who's "we"?
2. Which cities?
3. What exactly is being accomplished?
> But you don't see very many people moving from the highest-income cities in the U.S. to places like Appalachia
CA declined in population this decade until 2024:
https://apnews.com/article/california-population-growth-pand...
So yes, people are moving out.
Humans.
>2. Which cities?
My example is Chicago.
>3. What exactly is being accomplished?
Letting people who want to live in San Francisco live there.
If you’re not saying that San Francisco can’t build enough housing to satiate demand, what are you saying, exactly?
Sure, they are. "tech workers" tend to work in tech companies. "everyone else" tend not to work in tech companies. It's quite coherent. Are there exceptions? Of course. Does the presence of exceptions mean the classes are incoherent? Of course not.
Can you be more specific?
> Chicago
Chicago's tech sector, while growing, is still smaller than SF's and was much smaller in the past.
> Letting people who want to live in San Francisco live there
Obviously, that's not being accomplished.
> If you’re not saying that San Francisco can’t build enough housing to satiate demand, what are you saying, exactly?
I'm saying such a program would be unlikely to succeed and would be too disruptive to satisfy me, personally (and evidently many other San Franciscans as well). I'm also saying there's another option to increasing supply to meet demand: reducing demand to meet supply.
In practical terms, because of the inevitable feedback loop, yes. Building more housing creates more demand for housing.
If SF built more houses, then rent would drop and thus more businesses/jobs could be profitable at the same standard of living. The more jobs there are, the more demand for housing there is. And if people move into those new houses then the city has a larger userbase for any locally-focused businesses.
This whole loop is why cities keep growing.
In other words, meeting the demand for housing creates more demand for housing.