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Supply and DemandThe case for housing deregulation starts with Econ 101: Allowing builders to significantly increase housing supply leads to much lower prices. It isn’t rising demand, as the U.S. population rose even faster back when housing prices were roughly stable. Standard of LivingWhat would happen if homebuilders could once again freely build until housing prices were driven back down to cost? The admittedly small number of studies on the link between YIMBY and babies support common sense: Less regulation lowers housing prices, and lower housing prices generally raise birth rates and hasten child-bearing. In a rational world, the panacea policy of housing deregulation would be a done deal.

Persons: Ben Denzer, Taylor, Wharton, homebuilders, Thomas Piketty’s, ”, Matthew Rognlie, Peter Ganong, Daniel Shoag, Anne Case, Angus Deaton Organizations: Republicans, Research, Area, Wharton, Francisco, Francisco Los Angeles New, Francisco Los Angeles New York Phoenix Denver Houston Dallas, Japan Japan France France Britain Britain, Japan Japan France France Britain Britain Canada, → Utah Nevada Arizona New, San, San Francisco New, Atlanta Houston Boston, Democrats, Republican Locations: Minnesota , Oregon, California, New York City, Houston, Dallas, Francisco Los, Francisco Los Angeles New York, Wharton, United States, Japan, France, Britain, Canada, U.S, Japan Japan France France, Japan Japan France France Britain Britain Canada Canada, Bay, Dodge, → California Nevada Florida New York Arkansas, → Utah Nevada Arizona, → Utah Nevada Arizona New York West Virginia, Washington, San Francisco, San Francisco New York Los Angeles Rochester, N.Y, Atlanta

☆ New York is in, San Francisco is very much out for tech workers relocating
▼ + stars: | 2024-04-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

New York City gained the most relocating tech workers in 2023, SignalFire reports. AdvertisementNew York is continuing to gain on San Francisco as a rival tech hub. The greater New York City area drew the biggest share of relocating tech workers last year compared to any other major city in the US, according to a new SignalFire report. The most common move for tech workers in the San Francisco Bay Area was to New York, the report found. AdvertisementMeanwhile, SignalFire found that the San Francisco Bay area actually saw its tech pool shrink by the largest percentage last year.

Persons: San Francisco, —, SignalFire Organizations: York City, San, Los Angeles, Service, Big Apple, Austin, CNBC, Sequoia Capital, Nvidia, SF Bay Area Locations: York, Austin, Francisco, New York City, San Francisco Bay, New York, Los Angeles, Seattle, Boston, San Francisco, California, San, Santa Clara , California, West, San Jose , California

☆ 13 cities where hiring is growing — Florida and Texas lead, while the coasts are declining
▼ + stars: | 2024-04-09 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Hiring is increasing in smaller cities and large hubs in Florida and Texas, according to a Gusto analysis. Cities like Orlando, San Antonio, and Houston saw significant increases in hiring share. Whereas major coastal cities accounted for 35% of hiring before March 2020, this percentage is now about 29%. Meanwhile, Florida and Texas cities are on somewhat of a hiring spree. AdvertisementDid you move away from the coasts to Florida, Texas, or a smaller city?

Persons: —, Orlando, that's, Courtney Quinlan Organizations: Houston, Service, Rockies, San, Boise Locations: Florida, Texas, Northeast, California, Orlando, San Antonio, New York City, Los Angeles, Seattle, San Francisco, Jose, Washington, Miami, Austin, St, Louis, Midwest, Florida , Texas

☆ Has San Francisco Lost Its Liberal Soul?
▼ + stars: | 2024-03-08 | by ( Heather Knight | ) www.nytimes.com time to read: +1 min

Have San Francisco voters lost the bleeding hearts they have been known for — or are they just frustrated? City voters resoundingly passed two ballot measures this week that probably wouldn’t have seen the light of day a few years ago. Critics of the measures said that residents had veered to the right and that billionaires had bought the city by throwing money at campaigns for the measures. But Mayor London Breed, who faces a tough race for re-election in November and who placed the two measures on the ballot, brushed off claims that the city had lost its liberal soul. In her annual State of the City address on Thursday, Breed argued that it was progressive to invest in public safety to protect vulnerable older residents and immigrants, and to push for drug treatment for those who need it.

Persons: resoundingly, London Breed, Breed Organizations: San Francisco, City, London

Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI firms excel at staying lean and automating work. "I think we should curb our optimism that San Francisco commercial real estate will bounce back because of AI," said Silicon Valley investor Jeremiah Owyang. Eleven of the country's top 20 AI companies are in San Francisco and have raised $15.7 billion collectively between 2008 and 2023. That amount is just 2.3% of the estimated 150,000 daily workers that downtown San Francisco lost during the pandemic. Reporting by Anna Tong in San Francisco; Editing by Sayantani Ghosh, Anna Driver and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, San, Jeremiah Owyang, Erin Price, Wright, OpenAI, Matt Schlicht, Mike Grabowski, Grabowski, Owyang, Lee Edwards, Daron Acemoglu, Anna Tong, Sayantani Ghosh, Anna Driver, Matthew Lewis Organizations: Intelligence, REUTERS, FRANCISCO, Reuters, Francisco, San Francisco Mayor London Breed's, San, Microsoft, Octane, Google, Nordstrom, Massachusetts Institute of Technology, Thomson Locations: San Francisco, California, U.S, Valley, NFX, Dubai

☆ New York City was home to the most billionaires in 2022—here's the full list of global cities
▼ + stars: | 2023-06-11 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

New York City topped the list as the city home to the most billionaires, according to Wealth X. Alexander Spatari | Moment | Getty ImagesTop 10 cities around the world with the most billionairesNew York City Hong Kong San Francisco Moscow London Beijing Los Angeles Singapore Shenzhen Mumbai New York City topped the list with 136 billionaires in 2022. Hong Kong is home to 112 billionaires, according to the Wealth X report. Yang Liu | Corbis Documentary | Getty ImagesLike New York, Hong Kong had a similar dip of just 2 billionaires — they now total 112. According to an ECA International survey, Hong Kong is also considered one of the most expensive locations for expats in the world. San Francisco is home to 84 billioanires, according to the Wealth X report.

Persons: WealthX, Alexander Spatari, it's, Yang Liu, —, San Francisco, Dan Kurtzman Organizations: New, New York, New York City Hong Kong San Francisco Moscow London Beijing, New York Stock Exchange, Nasdaq, ECA, San Francisco, San, Henley & Partners Locations: New York City, New York City Hong Kong San Francisco Moscow, New York City Hong Kong San Francisco Moscow London Beijing Los, Singapore Shenzhen Mumbai New York City, New York, New, U.S, Hong Kong, York, San, San Francisco

☆ The real reasons stores are closing in big cities
▼ + stars: | 2023-05-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

These big chains and others have closed stores in major US cities recently, raising alarm about the future of retail in some of the country’s most prominent downtowns and business districts. How policymakers remake their downtowns — with retail as a crucial attraction — will be crucial to cities’ fiscal health and regional economies. People who are being employed in those stores are losing their jobs” because of crime, New York City Mayor Eric Adams, a Democrat, said in February. San Francisco lost around 6% of its retail establishments from 2019 to 2021, according to the think tank’s research. For example, chain-store closures in New York City have correlated to the products most frequently bought online.

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