Housing and the homeless topics keep coming up on HN and in my social circles. It's frustrating. My real frustration is in fact with our cities are incentivizing businesses to create jobs while not creating more housing supply nor using that capital to improve our city like solve homelessness. This is unethical and despicable. The city is not run by the techies who work here. The city is run by rich companies AND ent…
I live in SF and the problem with housing here is that although the residential neighborhoods are very extended (think of the Richmond), most of the residential buildings are 2/3 story houses that cannot accomodate many people. We need to start replacing these little residential houses with 10 story buildings. There is nowhere else to build, we need to start upgrading the existing buildings. Will that change the city…
To build a new condo in San Francisco is rarely profitable: 1) Unlike other cities, when your building plan fits all criteria, it is not effectively automatically approved. To get your permit, you must comply AND be very lucky. In other cities, you generally must ONLY comply. 2) Once your building has been approved, small community groups may oppose it and the government will reject you if you do not. 3) A substantial percentage of your building must be sold at a loss for affordable housing.
Development projects here are effectively the highest risk and highest cost. On top of this, most buildings can only be 4 or 5 stories tall. Of course, the only way to stay afloat is to build luxury overpriced condos.
The question is how do you overcome the rich and entrenched voters who effectively control these policy.