They still obviously have a massive affordability crisis too. They have a little of what tenants movements want (universal rent control) and a little of what YIMBYs want (double the unit production) but they’re still screwed.
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how does this not scream "hostage situation to investment capital that requires an alternate mode of production and allocation and pricing"
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All the Americans, including me, think they should just raise their property taxes.
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well, we could always zone by tenure, or zone by tenure mix. we don't just have to say "yeah, do condos if you want"
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and then being from the South Bay, I am biased to believe that whatever happens there foreshadows what happens to SF/East Bay in a couple years to a decade....