2 ms·
All the actual news on the SF real estate market is waiting for the effects of various local laws being flatly overridden by the state [1], which will take abou
by crooked-v 3y ago
All the actual news on the SF real estate market is waiting for the effects of various local laws being flatly overridden by the state [1], which will take about six months from now to get to the 'or else' point of huge amounts of state funding being pulled from the city.
In particular, it will completely eliminate discretionary review for most projects, which is an overwhelming source of construction delays and cost inflation in SF.
[1]: https://www.sfyimby.org/sf-yimby-blog/housing-policy-and-practice-review-statement/ https://www.sfyimby.org/sf-yimby-blog/housing-policy-and-pra..., see the report PDF at https://www.hcd.ca.gov/sites/default/files/docs/policy-and-research/plan-report/sf-housing-policy-and-practice-review.pdf https://www.hcd.ca.gov/sites/default/files/docs/policy-and-r...