4 ms·
"Real estate people" have virtually zero political power in the San Francisco Bay Area. Nobody has sympathy for them, not even the nonprofit ones. (Go look at h
by pcwalton 8y ago
"Real estate people" have virtually zero political power in the San Francisco Bay Area. Nobody has sympathy for them, not even the nonprofit ones. (Go look at how the anti-development left pillories Mercy Housing, of all organizations, in SF for daring to impose reasonable means testing at Midtown.)
Have you looked at what it takes to make housing pencil out in the city? Developers are not "printing money". Construction costs are incredibly high, especially with inclusionary zoning.
- Spooky23 8y agohttps://www.sfchronicle.com/politics/article/Powerful-interest-groups-funding-Wiener-Kim-state-10130727.php#photo-11584301 https://www.sfchronicle.com/politics/article/Powerful-intere... I don’t live in SFO, but real estate and local politics are like white on rice. Developers are just one variant of real estate industry player. It’s often an old money game.