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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Replying to @awinston
Darwin BondGraham Retweeted Darwin BondGraham
Darwin BondGraham added,
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Replying to @DarwinBondGraha
Yup. To see Kalb & McElhaney hemming & hawing about "needing to do more" after watching planning dept rubber stamp tons of condos is rich
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Replying to @awinston @DarwinBondGraha
Having a funding mechanism for affordable plus building more is best. But not building anything is probably worst of all.
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Kim-Mai Cutler Retweeted Louis Gray
Otherwise any old stupid tract home from the 1950s becomes luxury priced.https://twitter.com/louisgray/status/870491868529741824 …
Kim-Mai Cutler added,
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Replying to @kimmaicutler @DarwinBondGraha
This is true, but almost entirely separate from the current breakdown of units being built. Note homelessness has skyrocketed in past 3 yrs
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Replying to @awinston @DarwinBondGraha
Yes homelessness is generally inversely correlated with availability of the lowest cost tier of housing.
3 replies 0 retweets 4 likes
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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