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In the case of housing affordability crisis in California, government is the problem. San Francisco has the second highest construction costs in the world with
by pg_bot 8y ago
In the case of housing affordability crisis in California, government is the problem. San Francisco has the second highest construction costs in the world with an average of $330 per sqft to build[0] These high costs are due to the city's overly burdensome approvals process and delays caused by housing opponents.
If San Franciscans want cheaper housing all they would have to do is allow building the housing already permitted under current zoning laws, and get rid of rent control.
The prices in San Francisco are absolutely insane. My mortgage on a 8,400 sqft commercial building costs as much as renting a closet in SF.
[0] http://ternercenter.berkeley.edu/uploads/San_Francisco_Construction_Cost_Brief_-_Terner_Center_January_2018.pdf http://ternercenter.berkeley.edu/uploads/San_Francisco_Const...