Reminder that Apple’s headquarters city of Cupertino is currently fighting the construction of 2,400 homes, of which 50% are affordable, in court. http://www.mercurynews.com/vallco-project-has-its-long-awaited-day-in-court …https://twitter.com/nytimes/status/1191322967151726593 …
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Or that San Francisco's largest affordable housing bond ever (that you can vote on today!) is... $600M and the city hasn't run an affordable housing bond since.... 2014.https://www.spur.org/voter-guide/san-francisco-2019-10/prop-a-affordable-housing-bond …
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On the other hand, it's basically nothing considering that in aggregate, the value of San Francisco's housing stock has gotten more expensive at a rate of more than $100B a year over the past cycle....https://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
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And is now worth $1.6 trillion in SF and ~$800B in San Jose.https://www.zillow.com/research/california-leads-housing-gains-22600/ …
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Oh, and it costs like $850K per unit to build new housing excluding developer margin, etc. per
@markasaurus' calculations. And like $890K per unit to rehab old public housing units.https://www.sfexaminer.com/news/supes-question-890k-per-unit-cost-for-sunnydale-hope-sf-rebuild/ …Show this thread
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Is any money at all allocated to lobbying for changes in local or state housing policy?
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Here's an idea never thought of before by ABAG or other modern sage. Put houses where the jobs are. You can stuff more homes into Oakland, or Dublin, e.g., and better close to over-capacity BART lines than nowhere at all, but that also creates its own set of issues.
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