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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can’t charge higher rent if there are no units to rentpic.twitter.com/S9MzFKuIJ9
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seriously though, if developers were building units to house all the people being displaced by folks who want to turn oakland into another neighborhood of san francisco, i think the response would be different.
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