4 ms·

Sounds like San Francisco. A decent amount of new construction recently but it’s all ludicrously expensive. Also there’s some small set asides for low income fo

• losteric 8y ago
  SF has to deal with zoning restrictions. Between rapid immigration, the tech wealth boom, and restrictions on lot size/height/residency - obviously all the new constructions will be ludicrously expensive. "Affordable housing units" is so double speak. A few token units are subsidized so council members can say they're fighting for the general public, pulling the wool over lower/middle-class voters as they're slowly displaced. "Preserve our neighborhood character" (NIMBYism) is the other corrupt argument. The only thing they preserve is the rising value of their homes. Inevitably, the neighborhood is either white washed and rebuilt as wealth takes over or Manhattanized in a rush if the original residents wake up in time. People are the neighborhood character, maintaining cost of living is the only way to really maintain character. The middle path of proactive growth, raising density restrictions to avoid housing inflation, is difficult. People move to neighborhoods because they like it as-is... no one wants change until they are impacted, but by then they have no say in the results.