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Great to see South San Francisco approve another 800 homes yesterday. This is in addition to the 2,800+ already under development and represents a combined *18%* increase in their housing stock. (SF approved a 1.6% increase last year.)https://www.bizjournals.com/sanfrancisco/news/2019/11/14/south-san-francisco-approves-800-homes-largest.html …
This is good for the environment (shorter commutes) 
, good for families (affordable homes) 
, good for economic mobility (
https://www.nber.org/papers/w24661 ), and good for the country (
https://faculty.chicagobooth.edu/chang-tai.hsieh/research/growth.pdf …).
“When headlines don’t match their accompanying photo” -by John D. Oh
The man pictured is the developer of the project in question
Just another reminder, you don't own real estate, you only rent it from the government...
In CA you rent it for way under its rate of appreciation by law
That 18% increase figure cannot be correct. That would indicate there are only 15,000 homes in San Francisco today, a city with a population of 880,000 people. I mean, I know the city is packed, but not 53-people-per-household kind of packed.
south sf and sf are two different municipalities.
I won’t hold my breath that this will drive rent/housing costs down...
The bubble will pop by the time they're built and they won't be necessary. Central planning always works out in the end.
Oakland is adding 6800 units to its housing stock this year ¯\_(ツ)_/¯
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