It's very telling that only 30% of 3 bedrooms have a family living in them. Points to the problem being overall supply.
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CA only sees 6% turnover per year post-Prop 13 http://lao.ca.gov/Publications/Report/3497#Does_Proposition.A013_Reduce_Property_Turnover.3F …
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Mandating that builders must construct more 3-bedroom "affordable" units will just lead to fewer units. Financials won't work.
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Costs over $1m to build a 3br unit. A family that can afford $1m will move to Lafayette. We need to bring down costs!
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@NormanYeeSF “what is the current market value of your own real estate holdings & how much have they appreciated since 1999?”Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NormanYeeSF@sfplanning@hknightsf local AHBP proposed by@SupervisorTang requires 40% 2+ bedroom housing (for families).Thanks. Twitter will use this to make your timeline better. UndoUndo
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Not to mention if discretionary review process is still broken, construction will be at a crawl relative to demand.
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Gotta get out of the ether. Get some D7 residents together and ring up Norman's staff. I think he'll take the meeting.
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Because housing is only appealing in the abstract, never the concrete. As it were. The Platonic IDEAL of housing.
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