Congrats guys. No new housing is gonna get built until after the next recession.https://twitter.com/SocketSite/status/1004511892461613056 …
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I get that perfectly, thx. Yes, they should stop approving tech expansion plans, absolutely. You can approve 10,000 homes, but if let Facebook build space for 10,000 employees, you're still making zero progress on housing issues.
You can approve 1 million new housing units, but then Google will just keep hiring in SV. You can turn SV into Manhattan, but housing prices will still suck. These cities need to rethink economic development in a way that is not driven by the endless lust for growth.
Mark's ally Jane oversaw a plan to bring 40,000 jobs and just 7,000 housing units to her district. http://www.beyondchron.org/central-soma-exposes-sfs-political-identity-crisis/ …
This is a plan that is not in the past, but one that is governing then next 10-20 years of Central SOMA. So we're setting ourselves up for more jobs-housing imbalance. Even without a recession, the city is forecast to run an $800M deficit in five years' time.
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