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,
Maybe time to for tech companies to pause trying to squeeze every possible human into their SV castles?
I don't think you get how the cities are complicit in this. All of the Bay Area cities keep approving *just* office space but not sufficient housing bc they want the tax revenue but don't want to have to pay for residents.
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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