It’s absurd that SF spends so much time arguing over the allocation of the ~2,000 we units we build a year while owners of the existing ~400K housing units generally see their assets appreciate by $130 *billion* a year. https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …https://twitter.com/emilymbadger/status/1155817124541206528 …
Multi-decade phaseout? Multi-decade phaseout with proceeds largely going to a statewide deed-restricted affordable housing program? Deferment until point of sale? Low-income & senior deferrals and exclusions?
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At some point climate change might force the issue. A smaller and smaller land footprint is going to be insurable going forward, putting additional pressure on climate defensible land.https://twitter.com/dillonliam/status/1155871987912171520 …
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Deferment seems reasonable, and most politically viable, too. Climate—yes. Urbanization pressure is coming from all directions.
End of conversation
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