3 ms·
San Franciscans have no one to blame other than San Franciscans for the housing policies that are pricing people out of the market. Well meaning but ultimately
by jcnnghm 12y ago
San Franciscans have no one to blame other than San Franciscans for the housing policies that are pricing people out of the market. Well meaning but ultimately deeply misguided liberals are still insisting that housing supply doesn't affect pricing (http://truth-out.org/news/item/26656-developers-aren-t-going-to-solve-the-housing-crisis-in-san-francisco-the-definitive-response-to-supply-side-solutionists http://truth-out.org/news/item/26656-developers-aren-t-going...), while others are are calling for a moratorium on building (http://www.bizjournals.com/sanfrancisco/blog/real-estate/2015/02/mission-district-moratorium-david-campos-calle-24.html?ana=twt http://www.bizjournals.com/sanfrancisco/blog/real-estate/201...).
Meanwhile, in Washington DC, rents are falling because of the increase in supply, while both the population and number of jobs in increasing. DC also has a unique character that they've been able to preserve despite growth; San Francisco needs to do the same, and fast.
San Franciscans need to start pushing the city for a lot of new housing units, probably 100,000, with expedited planning, approvals, and building if they don't want to get completely priced out of the market.
More on DC:
* http://www.thedailybeast.com/articles/2013/01/11/dc-rents-are-falling-are-house-prices-next.html http://www.thedailybeast.com/articles/2013/01/11/dc-rents-ar...
* http://bigthink.com/ideafeed/falling-rents-in-dc-a-product-of-satiated-demand http://bigthink.com/ideafeed/falling-rents-in-dc-a-product-o...
* http://www.bloomberg.com/news/articles/2013-04-23/washington-faces-apartment-glut-after-boom-real-estate http://www.bloomberg.com/news/articles/2013-04-23/washington...
* http://dcinno.streetwise.co/2014/08/01/did-you-know-d-c-s-rent-is-actually-getting-lower/ http://dcinno.streetwise.co/2014/08/01/did-you-know-d-c-s-re...
* http://dc.urbanturf.com/articles/blog/dc_area_rents_drop_3_as_new_apartment_supply_rises/7979 http://dc.urbanturf.com/articles/blog/dc_area_rents_drop_3_a...