The new formula for RHNA incorporates job growth as part of this already. Everyone agrees that there needs to be a connection between jobs and housing; it's literally our number one message. But to come out of that on the side of reducing jobs is very... Retiree of him.
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Replying to @NeverSassyLaura @timredmondsf and
Weirdly when I read the piece I did not see it as being about reducing jobs.
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Replying to @tbreisacher @timredmondsf and
What do you think reducing office space means? I would agree that it is weird that you didn't read the piece accurately.
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Replying to @NeverSassyLaura @timredmondsf and
Maybe we can get coffee sometime and figure out what it really means
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Replying to @tbreisacher @NeverSassyLaura and
I think there are two issues with Tim’s proposal. One is that if you limit office space, those with the highest capacity to pay the highest rents will crowd everyone else out. We already saw this with office pricing out non-profits but now we’re seeing (B)ig tech pricing out
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Replying to @kimmaicutler @tbreisacher and
(s)mall tech.
@coryweinberg did a report this week on how (B)ig tech has quietly leased enough space to handle 100K+ workers over the next several yearshttps://www.theinformation.com/led-by-alphabet-apple-tech-firms-could-double-footprint-in-bay-area …2 replies 2 retweets 9 likes -
Replying to @kimmaicutler @tbreisacher and
The big 5 companies (aapl, goog, etc) will just cannibalize the entire now extremely limited allotment. The 2nd issue is the pension liabilities. Even very wealthy suburbs with high jobs-housing ratios like PA are facing up to $1B in pension liabilitieshttps://www.paloaltoonline.com/news/2017/10/13/behind-the-headlines-transcript-palo-altos-pension-problem …
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Replying to @kimmaicutler @tbreisacher and
CA cities can’t charge income tax. They also race to the bottom on business tax (if we had a regional govt, we could just have a single regional standard for business tax but no). So they use the office space as a tax revenue source to compensate for the liabilities.
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Replying to @kimmaicutler @tbreisacher and
Small aside, but Apple Park is probably a bad example to use since it was built over the existing (empty) HP campus. So net increases are relatively small. It’s a fact that all sides frustratingly cite when it’s to their benefit.pic.twitter.com/PbQKjZbdGg
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Replying to @PodCastFan88 @kimmaicutler and
Empty office space was converted to new office space instead of to housing? That seems like a *good* example of how cities are prioritizing companies over humans
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based on the conversations that are already happening around Vallco (a 50-acre site less than a mile from Apple HQ), LOL, good luck. The mayor of Cupertino literally said this week that housing affordability was "not dire" http://cupertinotoday.com/2018/02/02/vallco-dominates-state-of-the-city/ …pic.twitter.com/WChlPEAgYn
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