Oh, he already sponsored some token ADU legislation: https://sfgov.legistar.com/LegislationDetail.aspx?ID=3874315&GUID=DA43C51A-5FAB-4E4A-A316-7516EA6BB0C9&Options=Advanced&Search= …
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It’s not like we didn’t warn about this 5 years ago and the political faction that Mar is a part of contributed to crushing both the affordable and market-rate pipeline in 2016 by raising fees just as construction costs and borrowing rates went up. https://www.sfchronicle.com/politics/amp/SF-s-affordable-housing-projects-hit-hard-by-13621283.php …Show this thread -
Which shortens the new housing production cycle, by making it take longer for things to pencil and then sooner for things to become economically infeasible to build. New units delivered in SF fell almost 50% last year.https://www.bizjournals.com/sanfrancisco/news/2018/12/19/housing-crisis-sf-new-home-supply-apartments.html …
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Pro tip: look at how Vancouver does inclusionary affordable, by calculating a % of land value lift through upzoning, not SF, which lets the legislative body effectively dictate an across-the-board number, & for which there isn’t political incentive to lower it if it doesn’t work.
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Oh nm, I see what this is actually about. This is theater to test political appetite for the city taxing employee stock options ahead of IPOs. (RIP my mentions now....)https://48hills.org/2019/03/could-sf-tax-new-ipo-wealth/ …
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Now some people in his neighborhood are telling me he’s not as bad as Richmond supervisor Sandra Lee Fewer and that he does earnestly want to add more housing to his district. (Wait and see!)
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Well there's the 180 days lockup period, during which the economy might enter into a recession and the stock market might crash...
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I gave it a 10 year window.
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the SFRs on the west side are already so expensive that any upzoning would have to be enormous (like 10x existing) to cause them to densify.
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Yeah, even SB50 only takes R1/R2 up to 6 units and (rightfully) excludes the 2/3s of units that have had tenants in them over the last 7 years. http://commissions.sfplanning.org/cpcpackets/SB%2050_Memo.pdf …
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