Rent control and time http://lisaschweitzer.com/2018/02/19/rent-control-and-time/ …pic.twitter.com/0KCRtzXhXP
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Rent control and time http://lisaschweitzer.com/2018/02/19/rent-control-and-time/ …pic.twitter.com/0KCRtzXhXP
This post seems to make a lot more sense in the context of Southern California than it does in SF/Oakland. Rent control initially started as a temporary measure, and then it became permanent and then it went from 7% per year, to 0.6*CPI.
Me thinks the crucial stuff is mentioned at the end: The market never provides for the bottom (quartile, more?) of the highly stratified society. Only the state will. But economic inequality leads to greater political inequality in which those who need, have less power to get.
That's what I've been thinking a lot about too. Pushes to expand market-rate development in places like SF seem like they're really pushes to make housing more affordable to *already affluent people.*
Land and construction costs in SF basically mean no market-driven supply expansion will increase affordability in the price range that median-income (or lower) households can pay.
This estimate is four years old -- land prices and construction costs are significantly higher now.http://www.spur.org/publications/urbanist-article/2014-02-11/real-costs-building-housing …
I have @markasaurus’ deck from last year. It’s now above $700K. Or at least it was last year.
Ask him! He might have 2018 figures too.
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