End luxury housing in San Francisco.https://twitter.com/dgouldin/status/741383549463330816 …
yes it does. http://www.lao.ca.gov/Publications/Report/3345 … Service workers & low-income still need subsidies though.
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I've been noodling on this. Unless you get a bunch of developers to take a bath, seems you can only ever produce "luxury".
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And that means only a certain amount of build per year predicated on new demand. (unless developers lose money)
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