It cost the San Francisco city government $323,071 to acquire or rehab a single affordable housing unit last year. Not build new, because that’s more expensive, but just acquire and rehab. 83,733 very low- to low-income households applied for 1,025 rentals in 2017.https://twitter.com/apmortgagemarin/status/1004728516922040321 …
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Replying to @kimmaicutler
Have you seen any of the PHIMBY identified folks address the math of the situation in an honest way? I feel like we keep saying “it’ll take somewhere around $25-75B to meet public housing demand”, but I never hear a rebuttal.
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Is that $250B statewide? I was talking about SF demand only. I will say that https://www.sfcommunityhousingact.com/details seems to have at least engaged with basically reasonable numbers, but it takes 60 years to build 30k units. Sigh.
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Not trying to be snarky, this is a genuine question: has YIMBY addressed the math of this in a meaningful way? I know we talk a lot about how the numbers are huge and insurmountable, but I haven't seen a long term game plan either.
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Replying to @sashaperigo @xander76 and
Even if we built as much market rate housing as possible, studies have shown that market rates wouldn't come down to a point where'd they'd match today's below market rate prices for 50 years.
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Replying to @sashaperigo @xander76 and
I also don't see us raising $250B to build 85,000 BMR units through IZ programs, especially when I see some YIMBYs criticize IZ programs for raising the cost of building housing more than they discuss any other contributing factor.
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Replying to @sashaperigo @xander76 and
It's clear to me that building more BMR and MR housing in the short term keeps this problem from getting worse, but unless I'm unaware of it I don't think we have a plan for providing these 85,000 units either.
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It’s quite miraculous that the existing Bay Area housing stock appreciates roughly the same median amount per year that it costs in taxpayer subsidy per affordable housing unit 
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Totally! I agree that taxing the property owning class must be the way forward. The only point I'm making is that I don't think it's fair to criticize public housing advocates for not having solved this problem when we haven't either.
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