121–130 of 562 posts
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Taxing unoccupied homes and apartments will fix things real fast.
It's such a simple solution which would never pass almost anywhere in the world
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Both. I spent the last decade having these conversations with people who also grew up here and can’t afford to remain here without staying with their parents, with some of the stranger conversations devolving into my counter parties brainstorming ways to kick tech people out of the City and stop new people from moving in altogether, as if freedom of movement in the United States wasn’t really a thing. It’s not “suppl…
> freedom of movement in the United States To the extent that this means the freedom of poor people to get out of the way of rich people, you can see how some would not be excited. SF's black population has fallen by half in recent decades, for example. Honestly, the geographic narrowness of the tech boom has always been weird. At the same time we've been selling the limitless power of the Internet to connect people,…
An HOA might, I’m not too familiar with them, but as I understand it even they have legal limits on the restrictions they can place on people moving in, so maybe not. Someone else would have to chime in on that one.
Agreed otherwise.
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Having lived on another island, with the same woes of SF (limited land, high growth), the problem is always the same - even though it's been on a much smaller scale. The people that have owned for the past 30-50 years, are completely unwilling to give up on their single family homes, gardens, etc. They basically demand to live a nice and cushy suburban life, in the middle of a big city. It then takes forever to build…
> unwilling to give up on their single family homes I think that expecting people to "give up their homes" is more than unreasonable. The reasonable compromise being that builders can build in more densely once the current owners sell it.
Kids move out of the house, parents retire at 65 and live to 85+. That's 20 years, a whole generation.
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What should we do robbyt?
Taxing unoccupied homes and apartments will fix things real fast.
Does SF have homestead property tax exemptions? Where I live property taxes are quite high, unless the property is owner occupied. The second homes and rentals subsidized the taxes of those who live here.
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Taxing unoccupied homes and apartments will fix things real fast.
It's such a simple solution which would never pass almost anywhere in the world
Further, the revenue from that tax could be used to fund public housing to further drive down housing costs.
[1] https://www.bookweb.org/news/san-francisco-approves-vacant-p...
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But they are using land productively as they are making $3100 a month off of a small studio. Also I doubt if raising taxes will result in anything more than them passing that cost on to the renters.
Raising taxes on the land owner will result in increased rents. Land owners are not in the business of giving money away.
They're not selling at cost-plus, they're trying to maximize profit.
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What should we do robbyt?
Public housing projects.
But you know, that's last generation projects. What's the status on today's "affordable housing" projects? Oh, you say it costs $750,000 in construction costs alone for an "affordable" 2BR apartment? Oh dear me, that's rather ridiculously steep, isn't it...
https://www.nytimes.com/2020/02/20/us/California-housing-cos...
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But they are using land productively as they are making $3100 a month off of a small studio. Also I doubt if raising taxes will result in anything more than them passing that cost on to the renters.
Raising taxes on the land owner will result in increased rents. Land owners are not in the business of giving money away.
Earlier quoted context omitted.
Both. I spent the last decade having these conversations with people who also grew up here and can’t afford to remain here without staying with their parents, with some of the stranger conversations devolving into my counter parties brainstorming ways to kick tech people out of the City and stop new people from moving in altogether, as if freedom of movement in the United States wasn’t really a thing. It’s not “suppl…
It's all but illegal to build new or higher density housing in SF. We need to start electing people who will actually embrace or at least allow construction. This is what it's like: "San Francisco Man Has Spent 4 Years and $1 Million Trying to Get Approval to Turn His Own Laundromat Into an Apartment Building" https://reason.com/2018/02/21/san-francisco-man-has-spent-4-...