More context on how Prop. C (not the homelessness measure from this year but the one from 2016) negatively impacted the affordable housing pipeline despite being a measure that was explicitly about increasing affordable housing:https://www.spur.org/news/2018-11-08/how-has-san-francisco-run-out-money-affordable-housing …
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We effectively tax new housing (which we don’t build very much of) to create affordable housing. Meanwhile, we protect financial returns on existing housing to the fullest extent possible, even making those protections inheritable. https://www.latimes.com/politics/la-pol-ca-california-property-taxes-elites-201808-htmlstory.html …
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All of these incentives conspire to create a system where our limited construction labor pool is far more focused on renovations (which are more intensive and turn previously accessible housing into luxury-priced housing) than new builds. https://www.buildzoom.com/blog/whats-up-with-construction-costs …
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So the path to getting more affordable housing is to require less of it. Sounds illogical. Unless the goal is to maximize profit not housing
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It actually affected the pipeline even before it went into effect. Lots of developers rushed to submit projects before it started.
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so how do you propose we break the cycle of incentives perpetuating this? is awareness enough?
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Awareness is absolutely a core base component but obviously it’s not sufficient
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