@anniefryman @moral_hazard 2y in the context of capital raised in tech, $ per buildable unit required to buy land is concerning.
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@kimmaicutler I'll have more tidbits on funding strategy tomorrow -
@coryweinberg yes, the funding strategy seems... I mean at $350K in land costs per buildable unit last year... - 1 more reply
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@kimmaicutler@DavidCamposSF Not rhetorical: how many 100% Affordable buildings is Mission and all of SF building each year?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler IMO: if this passes, most lots will remain exactly that, and what manages to be built won’t overcome evictions/purchases.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler So is the city going to compensate landowners who might otherwise sell now to luxury developers? He posits a zero-sum game ...Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler of only certain amt of land left. The proposal is essentially eminent domain -- taking property for public purpose.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler that will be very expensive.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler It’s really seductive logic, though. Either way, if there are only 40 lots, I don’t think it’ll change the pricing trend much.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler@DavidCamposSF The idea that there are only 40 possible development sites assumes no existing building can ever be replaced -
@enf@kimmaicutler@DavidCamposSF of course not, that might imply that you could replace a Mission resident with somebody else - 2 more replies
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