http://hsh.sfgov.org/wp-content/uploads/FINAL-PIT-Report-2019-San-Francisco.pdf …pic.twitter.com/if5dBOsh60
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
.@BettyYeeforCA, the state controller, warned last month that in a recession, housing costs may continue to rise even with layoffs. At the same time, both state & local govts would have to make hard choices on cutting housing assistance vs. other programs. https://www.sco.ca.gov/2019_06summary.html …pic.twitter.com/KFCezpwgfc
Last time, we had to close a $41 billion hole. Unlike a decade ago, the state has a rainy day fund now. But its revenue structure is still highly volatile and unpredictable.https://www.nytimes.com/2009/02/20/us/20california.html …
Guess what got cut and never returned to pre-recession levels? SSI/SSP or cash assistance to low-income seniors and Californians on disability, among other things.https://calbudgetcenter.org/blog/state-funding-ssi-ssp-remains-recession-era-levels/ …
Also, how would a recession with You-Know-Who in charge of the U.S. economy be better than 2008?
No, but housing cost would certainly decline.
relative to incomes? and relative to the income segments that you probably care about?
It's a classic example of survivor bias. The ones who lost their jobs in 2008 aren't here anymore, while the ones who kept their jobs remember a time when housing was cheaper. Those who went on partial furlough (remember all the Friday closures?) have mixed experiences.
people forget that recessions are basically a shopping spree on cheap assets for some subsets of capital too.
Dreaming that a devastating recession would level the playing field for housing in SF is... a novel approachpic.twitter.com/L4HfycpOsB
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.