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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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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$2.5 billion put into a pro-Housing PAC would be a far better use of money
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