But this measure won't meaningfully add more funding for affordable housing. It will just ban office space in SF, and then shift the calculus of office space feasibility into other Bay Area cities.
it's dependent on property values rising so much that assessments on recently resold property ensure that no pre-existing property owners have to experience property tax increases if they vote for an affordable housing bond.
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SF is turning itself into Atherton plus a cohort of orgs that are able to wrest some nominal concessions for a token amount of low or very-low-income deed restricted units. If you're not part of one of those two buckets, you can't really live here long-term.
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I think the last part (can't really live here long-term) is what PropE will help solve I think the focus should be on increasing overall housing development/supply. Not focus primarily on affordable no/low-income housing Right now middle class Bay Area workers (techies) leaving
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