It’s going to take decades to slow or reverse global warming, so why bother?https://twitter.com/scott_wiener/status/992792083168555008 …
It costs $300,000 per unit in taxpayer subsidy to build a new unit that is accessible to a middle-income earning household in SF bc construction costs are so high and the shortage is so bad now. So if you’re willing to pay the taxes for it, sure.
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Also a single family home, which covers 70% of the parcels in the city, is on average a half-million more expensive (or a half-million more luxury) than the average condo.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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And building more market-rate housing is not going to bring any of those costs down so long as there is an insatiable demand to live in SF, which there already was prior to tech boom 2.0! Within the context of affordability in SF, supply and demand does not apply.
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Ok well we can sit here as homes continue to get less affordable at a rate of 12-15% a year and not let any new people in. That’s fine.
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