I've been saying this for years. The high-end condo construction does zip for the housing crisis. http://www.eastbaytimes.com/2017/06/02/affordable-housing-almost-entirely-absent-in-oaklands-building-frenzy/ …
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Right. Look at the SRO conversions in downtown Oakland. Just 1 example of how nothing is done to protect that tier of affordable housing
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Is that Sro law dead for the year?
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Concrete govt policies - or lack thereof - compound the overarching market dynamics
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It's a fake market propped up by GSEs and other interventions anyway.
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It sounds like Oakland didn't have a funding mechanism until last fall's bond was passed. State funding declined by 2/3 since last recession
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