Shutting the door to a generation looking to pursue careers and have families in San Francisco because you don’t care for having additional apartments in the city is the truely entitled position here.
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Replying to @sshconnection @kimmaicutler
I’m not shutting the door on anyone. It’s the free-market that’s shutting the door on you. The affordability crisis is directly correlated with the influx and over-concentration of tech venture capital in SF. Your meager tech salary can’t compete with your vc overlords IPO stock.
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Replying to @Enneahedron @kimmaicutler
Ok cool, so you’re ok if we build a lot more apartments then, right?
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Replying to @sshconnection @kimmaicutler
I am for building more apartments - if and only if- the majority of them are affordable to middle and low-income families. However, I’m certainly not in favor of tearing up the city to build more luxury condos for white-collar tech workers. Trickle-down-housing is a fiction.
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Replying to @Enneahedron @sshconnection
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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Replying to @kimmaicutler @sshconnection
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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Replying to @Enneahedron @sshconnection
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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Replying to @kimmaicutler @sshconnection
False dichotomy. We’re not just sitting around. Affordable housing is getting built at record levels along with market-rate housing (4500 units in the past year) and people will continue to move here (10,000 to SF in 2017) because it’s one of the most desirable places to live.
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That is such a tiny trickle of housing compared to what is needed to solve the crisis. Every study confirms this.
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You can’t build your way out of an affordability crisis in SF. There’s way too much demand by high net-worth individuals and only so little land left to build on. Other transit-rich cities in the surrounding Bay Area counties could be doing a lot more, which they haven’t.
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You can also not-build your way to an even worse affordability crisis.
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As opposed to New York City, where you can build to your heart's content all the way down Even Worse Affordability Street?
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