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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That’s one of many consequences of prop 13.
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Huh, makes you wonder if there are political benefits to undertaxing existing housing...
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Rent control eventually fails to keep pace with maintenance costs? Who knew!
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