End luxury housing in San Francisco.https://twitter.com/dgouldin/status/741383549463330816 …
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Replying to @kimmaicutler
Isn't "luxury" housing the only thing that can be made with current wage costs?
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Replying to @Kazanjy
basically. It's like 600-900K to build a unit in SF.
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Replying to @kimmaicutler
maybe I don't get your tweet? Doesn't "luxury" take price pressure off already amortized housing stock (Sunset / Richmond)?
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Replying to @Kazanjy
yes it does. http://www.lao.ca.gov/Publications/Report/3345 … Service workers & low-income still need subsidies though.
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Replying to @kimmaicutler
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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Replying to @Kazanjy @kimmaicutler
And that means only a certain amount of build per year predicated on new demand. (unless developers lose money)
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Replying to @Kazanjy
even if they "take a bath", they're still building "luxury," whatever that means. http://www.sf-planning.org/ftp/files/plans-and-programs/planning-for-the-city/ahbp/ahbp_seifel_AffordableHousingBonusProgram_FinalDraft.pdf …pic.twitter.com/KMEsHYNJOZ
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Replying to @kimmaicutler
those three prototypes are different types of units?
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low-density clearly the worst, like $900K per unit.
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