5 ms·

This looks like a short term dip while the market adsorbs new units. Am I missing something?

• Decade 10y ago
  No, that seems about right. The “Progressives” (I consider them to be a peculiar West Coast form of conservative) have now made unprofitable subsidized housing an integral part of any large-scale housing project, which means housing can’t be built unless the financiers can expect the market-rate prices to remain sky-high. So, when prices go down, they have to stop building. What would make a difference is additional YIMBY pressure to roll back these harmful restrictions and delays, and allow housing to be affordable to build. http://www.sfyimby.org http://www.sfyimby.org