I sat next to Jane Kim on the @sfbos. She is brilliant and delivered so much for working people including higher levels of affordable housing. She’ll make a great mayor.
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Replying to @AvalosSF @kimmaicutler and
I still wish the math was done like most assume it should be. Affordable % = BMR/Total Homes
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Replying to @coreysmith_17 @kimmaicutler and
Jane Kim as mayor will deliver clarity on ambitious affordable housing goals
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Replying to @AvalosSF @kimmaicutler and
I’m thrilled
@LondonBreed@MarkLeno and@JaneKim have all committed to re-issuing@mayoredlee’s Executive Directive to build 5,000 new homes every single year.2 replies 0 retweets 7 likes -
Replying to @coreysmith_17 @kimmaicutler and
Awesome and of all of them Jane Kim has already demonstrated the will to get us there!
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Replying to @AvalosSF @kimmaicutler and
Ehhh “five stories on the west side will destroy the sunset/Richmond” is a bad look in my opinion.
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Replying to @coreysmith_17 @kimmaicutler and
Unlike how the YIMBYs would like to paint her in their trickle down categorical world view, Jane Kim approaches housing with compassion and nuance. She will make a fine Mayor!
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Replying to @AvalosSF @coreysmith_17 and
If you enact policies that sound good and compassionate but actually crush production of both affordable and market rate, and only make ultra-luxury pencil at $1M per unit it *land costs*, is that a win? https://www.bizjournals.com/sanfrancisco/news/2018/04/26/construction-costs-killing-new-bay-area-housing.html …
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Replying to @kimmaicutler @AvalosSF and
And btw, the main investor/LP in that real estate developer pictured in that story is
@CalPERS, so if they have a lower rate of return, it damages returns that fund California public sector workers’ retirements.2 replies 0 retweets 2 likes -
Replying to @kimmaicutler @coreysmith_17 and
Calpers divested billions from fossil fuel corporations they can adjust to changing market conditions in real estate.
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They can’t! The developers actually think that their LPs should be OK with an infrastructure rate of return on safer assets like SF real estate but the public sector pensions (which are funding *your* retirement) want a double digit return.
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Replying to @kimmaicutler @coreysmith_17 and
They will adjust and hopefully with prudence and farsightedness.
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