SF added so many taxes and fees to construction of new housing (largely in 2016) that developers just went to Oakland instead.https://www.sfchronicle.com/bayarea/article/Oakland-dominates-SF-in-housing-production-14295592.php …
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Oh, a fee study from
@TernerHousing out today. CA undertaxes existing housing and over time property taxes don’t keep up with the cost of operating public systems, so instead we just tax the very small amount of new housing we build to compensate for that.https://twitter.com/davidgarcia209/status/1161052314968502272?s=21 …Show this thread - End of conversation
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Considering the balance is so out of whack right now, why wouldn’t plans include more housing than jobs?
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I swear that SF doesn't deserve to succeed at this point
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The toughest part of this is it took so long to approve the central SoMa project. At least something is happening... rest of city is largely stagnant... even sadder
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