Yesterday, I received some questions from a Chronicle reporter that appear to be from opposition researchers - probably funded by the billionaires. I wanted to share those questions - and my answers - with you.https://medium.com/@JaneKimCA/no-filter-6f4247335455 …
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That’s a lot of trees. Thankfully Jane Kim brought the revenue with her real estate transfer tax to maintain & plant thousands of street trees on San Francisco sidewalks AND make city college free at the same time. She will make a great mayor!
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To subsidize a single housing unit that is accessible to a median income earning household in SF, generally need a taxpayer subsidy of at least $300,000 per unit. SF has historically only ever approved $410M in affordable housing bond money sooooo that’s not very many units. And
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And single family homes will continue to rise in value with more multi-unit housing being built. That makes SFHs even more scarce, even more precious. I.e., your stat is meaningless with regard to a position on SB827, which would result in more multi-unit construction.
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The fact of the matter is, sure, we need more housing, but citing the rise in SFH values is not germane to the pro-SB827 argument. Anyone in real estate would tell you it would just make a single family home more of a rarity, and more valuable.
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