structurally never enough affordable housing funding. In fact the affordable housing funding that the city generates is structurally dependent on having a hot real estate market bc it's tied to new construction or
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If you want to build housing affordable to people on working class wages in a high land value area like SF, the local government has to find tax revenue to subsidize it at $300K per unit on top of state/federal programs.
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But somehow, homeless shelters are big business in "cheap" NYC: Homeless Shelters are Big Business in New York Cityhttps://www.corleyre.com/nyc/homeless-shelters-big-business-in-nyc/ …
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Housing policy in SFBA/CA is wonky and should be fixed but I reject framing the discussion financially and claiming tech workers are better for the city than teachers, police, bus drivers... not the least bc financialization helped get us here (NIMBY desire for real estate
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let me rephrase, techies as a class are not 'better' than lower-income service workers - in terms of valuing them as persons What I'm arguing is that class got priced out years/decades ago - and left ages ago. Right now, the crisis is on essentially sub $90-150K younger workers
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I think the 'definition' of working-class needs to be readjusted for SF Working class low-income: it's not going to work. Because I argue, they already left. SF *is* an expensive place to live, work, do business. Housing not going to change that. Therefore I consider lost cause
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if we call younger techies (non-exec level) getting paid $90K "middle-class" or working-class..... this the tranche that will see relief with this measure. This is the tranche that's fleeing because they can't buy a house to settle down This is the crisis, in my opinion
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why is there little upside for low income housing and why are techies a crisis? If anything, techies are more resilient due to their earning power.