May I present, Exhibit A:pic.twitter.com/ZZe32Y5wKu
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Expensive than they would otherwise be. And if the margin between the land acq costs, construction, interest rates, final rents, sale price
Doesn't work out then the developer just won't do it and you get no units of any kind. http://www.socketsite.com/archives/2017/05/new-plans-for-a-12-story-300-room-central-soma-hotel.html …
You'll get hotels instead of housing or some other land use. Or a luxe restaurant http://www.socketsite.com/archives/2017/02/mission-district-development-take-three-the-albion-on-16th-as-proposed.html …
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