3 ms·
While I don't agree with you I understand your line of thinking. But I think you are underestimating how good it is for the city even if people keep speculating
by mbrumlow 8y ago
While I don't agree with you I understand your line of thinking. But I think you are underestimating how good it is for the city even if people keep speculating. It will be net more money into the city off property taxes, many of them will be taxed at a higher rate as they are investment properties and not primary residence.
At some point it will when out and prices will stableize. Part problem in SF the type of thinking and hate on devlopers has turned a small problem into a huge problem.
That being said I would love to know what you suggest as a alternative of increasing supply.