Construction, land costs too high too make lower, middle-income rentals pencil.https://twitter.com/nicktimiraos/status/633243820579155968 …
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@awinston we have a few proceeding in SF. Pier 70, Jane Kim's battle for more w/ Mission Rock.
@kimmaicutler that's crumbs. Historically, affordability in U.S. Housing comes thru govt policy. HUD put millions in homes during Depression
@awinston if we, say, fixed the commercial loophole in Prop. 13, that is $9 billion on the table right there.
@kimmaicutler public housing had serious problems, but market rate has NEVER housed as many poor folks. Hope VI/Clinton admin was a disaster
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