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>How about we just let real estate developers build housing. Full stop. We can use policy and public funding to fill in the cracks, but "building affordable hou
by RC_ITR 5y ago
>How about we just let real estate developers build housing. Full stop. We can use policy and public funding to fill in the cracks, but "building affordable housing" doesn't actually make any sense at scale.
The worst part of this is that 'affordable housing' requirements in SF have turned into a tax on new housing that just prevents both from being built (e.g., 'Oh you want to build a 500 unit building that just barely pencils? Well, unless you can also build 75 affordable units, that lots just going to sit empty, isn't it?'. It's one of the greatest examples of perverse incentives in the history of time.