your candidate touted 40% affordability rates... that really were a couple hundred BMR units predicated on approving millions of sq ft of office space or thousands of more high-income workers that would've had nowhere to live & would've displaced more people into homelessness
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Replying to @kimmaicutler @czernobro
I'm intrigued to hear that millions of sq ft of office space is a bad thing.
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Replying to @tbreisacher @czernobro
millions of sq ft of office space without matching housing supply is a bad thing. That is what Bay Area municipalities have been doing for decades.
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I think I've been fairly clear and repetitive for several years at this point that I want a new consensus, which is unapologetically about approving a lot more of all kinds of housing and is also not about criminalizing people without housing. No single party offers this.
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so if I get one part of what I want, I am happy to hold whoever is in power accountable for the other part.
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Progressives are actually not all that great about homelessness either. They spent the last two election cycles campaigning against or deliberately not endorsing measures that would've raised more $50-70M more in funding per year for homelessness.
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Replying to @czernobro @tbreisacher
You clearly do not understand how inclusionary housing works. They will make the same margin or just not do the project. If they need to stick in more office to make the margin (aka add more jobs-housing imbalance) or wait until neighborhoods rents are even higher than they would
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Replying to @kimmaicutler @czernobro
Hmmm it kind of sounds like for-profit developers will never really meet the city's housing needs, no matter what rules we put in place.
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Replying to @tbreisacher @czernobro
You can also just not do anything and wait for your perfect social housing utopia and existing housing will become even more of a scarce luxury asset/commodity and do what it has always done for 40 years, which is double in value every cyclepic.twitter.com/YW0NoMR58w
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Existing homes, which are the vast majority of the housing stock, do this. It is pretty great... for basically only the people who got here first and own stuff.https://www.bloomberg.com/news/articles/2018-04-09/home-values-are-rising-by-800-a-day-in-san-jose …
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Also, only great for the first generation. Prop 13 reevaluates property taxes on inherited property, unless you have the resources to setup a living trust
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10% of residential transactions in the state are parent-child transfers.
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