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At least in SF, I don’t think financing is the issue. The city blocks projects that developers are begging to develop for years and create additional loopholes

At least in SF, I don’t think financing is the issue. The city blocks projects that developers are begging to develop for years and create additional loopholes that allow NIMBYs to stall projects. At some point projects are stalled for so long that the cost to build increases so much where the project is not a good investment anymore and the project is abandoned.

raldi 8y ago
In SF, they just make affordable housing illegal to build in most of the city. In fact, they just ban all new apartments: https://sfzoning.deapthoughts.com/ https://sfzoning.deapthoughts.com/ No apartments, no affordable housing.