Seattle builds housing at 2-4X the rate that SF has done, has passed 2X the number of affordable housing levies that SF has, doesn’t have discretionary review and doesn’t tax production of new housing with $165K/unit in fees.https://twitter.com/hknightsf/status/1162376780864348161 …
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I think most experts agree IZ drives down land values, eventually. Problem is how sticky expectations of land prices are and how low carrying costs are for recalcitrant owners
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There’s no predictable process in SF is the issue. It’s like we’ve handed control of the Fed Funds rate to the Mitch McConnell Senate.
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Institute high IZ % to drive down land values and then use discretionary review to drive land values back up. Brilliant.
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