After the millenial crash, the region bled jobs. Most of the 500K is the return to old levels. @kimmaicutler @SFyimby @papadooloo
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Replying to @thomas_lord @sf4sfsite
If you want to actually explain the affordability crisis, you need to look at other factors.
@kimmaicutler@SFyimby@papadooloo1 reply 0 retweets 0 likes -
Replying to @thomas_lord @kimmaicutler and
Like greed, and high cost of building in a "fools-gold" rush
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Replying to @sf4sfsite @thomas_lord and
if rising land values doesn't result in more capacity, it's manifested in luxury flips.
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Replying to @kimmaicutler @sf4sfsite and
all you're doing is funneling more real estate appreciation to existing land owners.
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Replying to @kimmaicutler
OK, so Zelda or whoever y'all hate this week sees their asset appreciate. But.... (1/2)
@sf4sfsite@SFyimby@papadooloo1 reply 0 retweets 1 like -
Replying to @thomas_lord @kimmaicutler
Letting bigger capitalists expropriate the Zelda's does not equal getting affordable housing.
@sf4sfsite@SFyimby@papadooloo1 reply 0 retweets 1 like -
Replying to @thomas_lord @sf4sfsite and
the vast majority of $ appreciation happens in SF's already existing 390K residential units
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Replying to @kimmaicutler @thomas_lord and
not in the 1,900-3,500 units SF builds a year. http://www.bizjournals.com/sanfrancisco/blog/real-estate/2016/01/san-francisco-home-values-zillow.html …
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Replying to @kimmaicutler @thomas_lord and
If you don't add capacity for growing pop you just divert more $ returns to property owners
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+ under the present system w/ Prop. 13, affordable units are financed through MR units.
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Replying to @kimmaicutler
Yes, the inclusionary unit / in-lieu fee system functions poorly. We agree that far.
@sf4sfsite@SFyimby@papadooloo0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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