Market-rate housing is not affordable housing in much of California.
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Replying to @JimYoull @kimmaicutler
It's objectively not, but the more you build of it, the cheaper it makes all housing. You can't just build "affordable" housing, there is no such thing without damaging cost controls that keep construction from happening in the first place.
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Replying to @willcharczuk @kimmaicutler
and y’all carry on as if it will not take literally /decades/ to re-commodify housing, if it ever happens at all given the broken incentive structure of sb827 and comparable half-assed efforts
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And what’s your solution? Doesn’t sound like you have one...
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As I’ve explained patiently to others who don’t get how this works: I’m not a doctor but if a surgeon proposes using a chain saw, I can declare that’s wrong w/o simultaneously defining what’s right. Simpleminded “solutions” to complex problems are often wrong, as sb827 is wrong.
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And as I’ve consistently asked: why isn’t Scott upzoning the entire contiguous region (homes aren’t just next to train tracks and bus lines)? Because he’s maintaining a constrained market to protect pleasant white towns and prioritize the opportunity for big developers.
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Upzoning an entire region is politically infeasible
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Not my problem. I thought we hired playas like Scott sort that shit out but instead he designed a massive giveaway to large developers who will own and extract wealth from huge swaths of upzoned SF if this happens.
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Every year we fail to build adequate housing against population growth is also a massive giveaway to property owners.
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Paper profits don’t count. The only giveaway was the law that decoupled property taxes from property values. Fix that if you car about fairness.
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Paper profits matter because there’s someone on the other side paying them if they buy a house or who is totally locked out because they can’t afford to or afford basic rents.
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