deapthoughts.bsky.social
👤 Joined on 01 July 2023
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@deapthoughts.bsky.social“Corporate demand for housing” exists because of supply shortages driving up prices, thus making real estate an appealing investment. You reduce that demand by increasing supply.
Show PostYou are reminded that SF needs to break ground on a project of this size every two weeks to satisfy their RHNA goals.
Show PostMore generally, San Francisco is THE example of a major city that has generally smothered market-rate building for years while pursuing a below-market-rate-first strategy and the result has been a disaster, including for the low-income households BMR is supposed to help.
Show PostNew market rate housing may not be affordable to lower-income residents but it soaks up demand from higher-income renters, which takes pressure off the rest of the housing market. There's a lot of research demonstrating that projects like this make neighborhoods in general more affordable.
Show PostUnfortunately, the logical last vote for a broadly urbanist agenda on the BOS, the supervisor of the mission, is a left NIMBY. That means that the entire pro housing agenda in SF needs the D2 supervisor.
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