San Francisco is the municipal equivalent of raising tons of money to scale negative unit economics
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Sounds like a problem much larger than San Francisco
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California and SF exacerbate it with housing policy among other things
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It’s a bigger problem than SF. Also we have a real estate developer (who actually does not have a great track record in business) running the country and so I don’t think the federal stuff is going to get solved soon.
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A big problem is that voters perceive homelessness as a municipal problem, but housing subsidies (for both upper middle class homeowners and Section 8) are controlled at the federal level. Every time the federal govt weakens the social safety net, voters blame cities for the
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the resulting consequences. If the federal govt’s tax plan effectively means 235K fewer affordable housing units, who do you think picks up the tab?https://www.nytimes.com/2018/01/18/business/economy/tax-housing.amp.html …
End of conversation
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