But we need to acknowledge there are limits. We can't bulldoze GG Park or cover city to 20 stories and still be SF.
why are new units expensive in the Mission? Because 1) the land, labor to build them are expensive and 2) look at existing units
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if a person is willing to pay $2M+ for a 3 BR in the Mission, anybody with land to sell to a developer will charge the highest
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And it is TOTALLY in their interests to force out renters, maybe even burn out renters, to cash in on this gold rush.
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I count exactly 13 units for sale on Zillow. That's it. http://www.zillow.com/homes/Mission-District-San-Francisco-CA_rb/?fromHomePage=true&shouldFireSellPageImplicitClaimGA=false …
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they can considering that going rate. Then the developer has to do labor, permits on top of that land cost + 15% to return to LPs
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