Eureka! 40 years of SF rents can be predicted from total payroll in city, employee count, housing inventory, and CPIpic.twitter.com/hyp1Zh9KeC
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Agreed. If lots of BMR is the need, it'll take an awful lot of market rate to subsidize it
Is that price a law of nature, or do you mean $700K for spacious luxury housing with parking?http://www.sightline.org/2013/08/22/apartment-blockers/ …
yep, just look at the 100% BMR Balboa Reservoir proposal. It’s a ridiculous waste of space and funds.
Is that "~700K a unit to build in SF." assuming steel-frame several-story+? Is that devs asserted "pencils out" price?
And why "income restricted"? That just means juicing private profit. Social housing can go for cost.
start by radically subsidizing housing for construction workers
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