Hey you know what Palo Alto, build some more damn housing.https://twitter.com/mercnews/status/885537901064454144 …
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300-400K in subsidy per unit. And no one has figured out how to finance that. SF has done only $410M in affordable housing bond money since
The mid-1990s and the controller commission, which included non-profit Developers, found that only 14-17% and 17-20% BMR functioned for
You can do what Vienna did in he 1920s and completely destroy the private market. Property prices and investments fell and city filled in :)
Get serious
It's market driven. The area has very high % of $250k/yr earners and fewer good places to build. Good houses will always be too expensive.
"It's market driven." Unless we do something radical, like build public housing.
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