Congrats guys. No new housing is gonna get built until after the next recession.https://twitter.com/SocketSite/status/1004511892461613056 …
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Kim-Mai Cutler Retweeted SocketSite
Congrats guys. No new housing is gonna get built until after the next recession.https://twitter.com/SocketSite/status/1004511892461613056 …
Kim-Mai Cutler added,
That isn’t going to happen. If Leno wins, he knows @RonConway & friends will spend even more money to try to defeat him in 2019 than they just did. He is going to need to have accomplishments in his first year.
5,000 affordable units a year requires $300,000 in public taxpayer subsidy per unit, or $1.5 billion per year. SF voters have only ever approved 1 $100M affordable housing bond in 1996 and one $310M bond in 2014.
Leno himself created the 1st inclusionary ordinance, knowing voters don't actually want to pay for affordable housing themselves. They like their cake and they like to eat it too. They like home values that 2X every cycle & they want *someone else* to pay for affordable housing.
Jane's "40 is the new 30" affordability mantra was predicated on 2 million square feet of office space at 5M and Mission Rock. So... she got a whopping 840 affordable housing units cross-subsidized and predicated on 13,000 workers' of office space. Congratulations?
Leno will meet with and listen to people who don’t agree with him. Cleve Jones last night said he often disagreed with Leno (particularly on endorsements like supporting Scott over Jane), but he always honestly explained his positions & listened to other points of view
yes this is his biggest strength over the other two candidates.
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