Earlier quoted context omitted.
> Ok so what you want is subsidized luxury apartments. The main thing that makes an apartment luxury is location and being new; new construction in the Bay Area (except maybe an isolated single unit or small development in a particularly blighted area) is luxury inherently. The only thing that's not is old units, and you can't ramp up the supply of old housing units easily (about the closest is you could do a minimal…
> The main thing that makes an apartment luxury is location and being new; new construction in the Bay Area (except maybe an isolated single unit or small development in a particularly blighted area) is luxury inherently. Ok, so a 1 bedroom 2nd story apartment in San Francisco in a new building without air conditioning and without a dedicated doorman that costs $4000 a month is luxury but a $1200 a month apartment on…
No, affordable housing for a given income level is defined by a cost formula. Achieving affordable housing for lower income levels is frequently done by the means you describe, because you literally cannot build it in quantity if it is distributed by normal market means because what is new will be desirable, and therefore both expensive and snapped up by the well-off, for that reason alone.