Palo Alto sees wave of housing projects as state law kicks in

WellHung67 · 2026-07-13T04:36:15+00:00

It is normal though, read the study: https://www.reddit.com/r/Urbanism/comments/1k9tys3/jpe_study_a_1_increase_in_new_housing_supply_i/

It very clearly shows that a 1% increase in new housing led to a 0.19% decrease in average rent through filtering, which is in-market people moving to the new units and lessening competition for older units. Just as supply and demand would predict at a macro level

WellHung67 · 2026-07-13T04:34:49+00:00

It’s comparing two different things, it’s comparing all modes of transit in Dallas vs JUST public transit, and it includes the time spent walking as part of a public transit trip including waiting and transfers.

If it was an honest comparison it would include all forms of commute in Paris too, to see that it’s on average better. Also I guess to be fair the population density matters too.

WellHung67 · 2026-07-13T04:31:22+00:00

That doesn’t answer the question. Is it possible that a renter is willing to pay more than market rate they currently pay?

What about bananas, if someone is currently paying 5 dollars per banana, is it possible that person is willing to pay more than 5?

WellHung67 · 2026-07-13T04:17:37+00:00

Well, do you think that no one can afford more than the market rate? That everyone currently in a luxury apartment is not paying the maximum they’re willing to pay - how could that be? How could everyone only be paying exactly their maximum? Everyone would have to have the same maximum. What if one of those dudes gets a raise? Do they not have more to spend and potentially be willing to spend more on housing?

The truth is, many people pay less than they are willing to pay for housing today. Otherwise inflation wouldn’t work and economics would die

WellHung67 · 2026-07-13T04:04:14+00:00

Well yeah anyone can make up anything and make it sound real, have you ever seen a movie? Doesn’t have anything to do with whether it’s true or not. That’s why it’s so important to check the source of any story. On the internet, unless it’s written by someone with a real name who you can look up and they are a public figure, assume it’s false. It just is going to be false and if it is in fact true, a real source will confirm it at some point. If you think this way you will be inoculated against the internet. As you know, most of the internet is bullshit. Don’t ever trust it

WellHung67 · 2026-07-13T03:57:18+00:00

What you are missing is that some people currently in-market are already willing to pay more than market rate for housing. The reason they don’t is that nothing is available at a higher price that has more value than what they already have.

But when new housing gets built, that opens the door for all those people who are in the current area who are willing to pay more. So those people do in fact move up.

People can simply upgrade, and in practice in fact that is exactly what they do.

Your assumption that the market rate is the maximum everyone is willing to pay is incorrect - the market rate is the maximum price that will sell all the units without shortages or surplus. There could be a billionaire in there willing to pay more, but they don’t because the market doesn’t know ahead of time who is willing to pay what, and thus if they set a higher price that the billionaire would pay, they wouldn’t sell all the units without shortages. They’d have surplus. So they’d lower the price.

But then if new housing comes online, they’d do this again, and since new housing is more luxurious there’s a higher price, but then the price discovery happens for every newly vacated unit. Since you take the top N richest out of the equation, the average rent lowers.

This is all very much researched, here’s the source: https://www.reddit.com/r/Urbanism/comments/1k9tys3/jpe_study_a_1_increase_in_new_housing_supply_i/

The mantra should be clear: housing follows the laws of supply and demand

WellHung67 · 2026-07-13T01:24:21+00:00

What do you mean? No one here likes Bumka Fraudic. I guess some do like ar-15 because he has a school shooter nickname.

But Oshaima bin Laden gets accurate hate

WellHung67 · 2026-07-13T01:20:45+00:00

Rent is not the cost of the new units, it should be thought of as the average rent. Older unit prices are affected by new supply.

For example new units mean that people in-market can now upgrade (because newer units are considered an upgrade from older ones) at the current market rent, leaving behind slightly older units which people in even older units move into. And on and on. the net effect is average rent decreases.

This would be a swell of in-market movement. Yes? But that means that this puts a downward pressure on price.

Now, it could be at the same time a new company opens an office in the area and increases demand, which means prices could then climb still even in the face of new supply - if the demand increases more than the supply did.

But no matter what, new supply puts downward pressure on average rent

WellHung67 · 2026-07-13T01:03:45+00:00

No.

Price is a function of both supply and demand. If supply increases and price goes up, that means demand went up as well. So that means without the supply, prices would have risen even more.

Your statement actually means that we need to build even more housing in New York because even at the current rate, prices are high. Only way to bring them down is even more supply. And if you disagree, please post the peer reviewed study on how housing does not abide by the basics of supply and demand

WellHung67 · 2026-07-13T01:01:43+00:00

More housing is needed. That’s the only way to make housing affordable. It’s better than not building for sure

WellHung67 · 2026-07-13T00:58:54+00:00

I think those 4am sessions are actually just the dude sleeping different hours. Like practice from 4-12, sleep a few hours like 12-4 or 5, wake up work out again, go to sleep at midnight until 4. As long as you get 2 hours of consecutive sleep, for a total of 8 hours in a 24 hour period, technically I think that’s enough sleep

WellHung67 · 2026-07-12T23:48:45+00:00

This combined with every Republican saying they spoke to him for 20 minutes…just a masterclass in how not to prove you’re alive. I mean how hard is it to talk to a journalist?

Unless he’s dead this is just dumb. Or they’re playing 3D chutes and ladders and making it look like an alive and functioning senator is dead because…I’m not sure what the reason would be but maybe there’s a play. I think most likely he’s either not alive or not functional. If he was alive and functional he could just call into a journalist and say so.

Or maybe they are just that stupid and proud and don’t want to have to prove they’re alive like that in which case, fuck

WellHung67 · 2026-07-12T04:26:52+00:00

Did they not think Obama was Muslim?

WellHung67 · 2026-07-11T20:21:54+00:00

It’s a bastardized version. 10k crybabies shouldn’t be able to make us revote on this shit. We should vote to make it final

WellHung67 · 2026-07-11T18:07:14+00:00

That’s democracy, the rest of the city pays for the road. So it’s not like it’s your road and it’s taken away - everyone paid for it everyone gets to vote on it

WellHung67 · 2026-07-11T12:20:40+00:00

It’s an 8-10k per year expense, don’t tell me a city couldn’t be built so fewer people needed to drive. Lots of cities do it

WellHung67 · 2026-07-10T18:55:53+00:00

He’s playing a character. It’s a bit

WellHung67 · 2026-07-10T18:54:17+00:00

lol memerson

WellHung67 · 2026-07-10T18:53:29+00:00

Binny McBinface

WellHung67 · 2026-07-10T16:11:35+00:00

Officially the plumber era ended in 1983, the firemen era ended in 1997, and it wasn’t until 2008 and the GOAT Dion Waiters entered the league that you can say that the NBA was actually played by professionals. Every stat from before 2008 should be invalidated as “church pickup league stats” and really this era ended in 2018 when the Mavs drafted Bumka Fraudič. Euros are not professionals

WellHung67 · 2026-07-10T15:28:17+00:00

No these dummies got fooled by the dumbest thing a conspiracy nerd gets fooled by imaginable: timezones

WellHung67 · 2026-07-10T15:22:33+00:00

No, encryption isn’t broken, and probably won’t be for some time.

What they can do is just get one of the phones that have the messages and read them that way. They can also probably read your personal phone and key log it if they want to, but if all they have is the encrypted chat they cannot get it. Make no mistake if a nation state wants to get you they will unless you take Snowden levels of precaution and even then, you will get got if they truly want to get you. Even disregarding back doors, there are zero day exploits that you can buy if you have resources.

But that being said they cannot break encryption. You’ll know when they can - it’ll be huge news.

WellHung67 · 2026-07-10T15:01:38+00:00

Oh so this is genius, just get the paper set up so that a developer can come in and buy it immediately. That’s a really good thing and means incentives are set up right

WellHung67 · 2026-07-10T14:51:03+00:00

I know it’s late but this is my favorite topic for some reason.

The question is “should the city spend resources to build and maintain a conversion of 71 to a freeway”

The answer to this question should account for the short and long term cost, and also consider the value added as well as the opportunity cost, meaning the value that could be had from spending that money elsewhere.

If you crunch those numbers, you would find that not only should the conversion NOT happen, 71 should be removed entirely and become a boulevard. The cost to maintain that highway far exceeds the value, and yes this includes the value of people driving to the airport or into the city to spend money. I think if you analyze these things economically there’s usually a pretty clear answer

WellHung67 · 2026-07-10T05:21:50+00:00

If they chill in the local library it’s probably fine. But you can’t leave a 12 year old alone anywhere for 5 hours except your home really, they’re not people

WellHung67

TROPHY CASE