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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Replying to @kimmaicutler
and the developments keep getting burned down, presumably because they are bringers of gentrification
5 replies 1 retweet 10 likes -
Replying to @EricaJoy
Which increases costs and costs of insuring projects, which will eventually translate into higher rents to compensate for that risk.
1 reply 2 retweets 26 likes -
Replying to @kimmaicutler
can’t charge higher rent if there are no units to rentpic.twitter.com/S9MzFKuIJ9
3 replies 0 retweets 23 likes
most of the $ isn't made in building new housing units. It's in sitting on old units at decades-old property tax rates and just charging higher rents. So burn those units down, because every existing building around those sites can keep charging morehttps://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
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