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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@markasaurus and I have been having a separate convo around what rents pencil for it to make sense for someone to build an ADU/backyard unit and if the costs get to $400K per door like in SF, only 3-4K/mo makes that work to cover the equity loan, property taxes, operating costs.Thanks. Twitter will use this to make your timeline better. UndoUndo
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