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Market alone is almost never the solution. I know an angel investor living in a rent controlled apartment in the most desirable neighbourhood in SF. Put a cap o
by 8ytecoder 6y ago
Market alone is almost never the solution. I know an angel investor living in a rent controlled apartment in the most desirable neighbourhood in SF. Put a cap on income for rent control. Allow market to function.
Any property that follows planning rules, is in the right zone and follows rules for low income/below market rate housing, allow it to be built without delay.
Fix stupid zoning laws that make building anything over two stories illegal in a huge swath of the city.
(An example is using tradeable floor space index to regulate zones instead of fixed height based codes)
You can do all of this and build public transit options to keep the quality of life stable. It’s possible. It requires will to execute and a multi year or even multi decade plan.