Earlier quoted context omitted.
We just ran a massive experiment, called Covid-19, which caused about 10% of San Francisco residents to leave the city. This is not quite the same thing as an immediate increase in supply, but instead a large drop in demand. The net result is the exact same thing: a large increase in the vacancy rate, which resulted in a rapid and dramatic decrease in median rents.
It’s a terrible example though as the people with the most liquid financial situation are the ones that left. The ones that remained can’t even afford to rent they U-Haul to get out of Dodge. They’re stuck treading water and at best will get Newsom to buy their vote^W^W^Wpay their back rent.
Bay Area cities want to end single-family home zoning
291–300 of 373 posts
Re: Bay Area cities want to end single-family home zoning
#292Earlier quoted context omitted.
Fine, let’s evolve our transportation units. We just need to rethink the problem as a whole. I don’t want to go into conspiracy theory territory, but it does seem as if there are powerful entities that are invested in maintaining the status quo or perhaps it’s just incompetence.
It’s both. There’s a lot of “we’ve always done it this way” and “what would I ever do without taking my car everywhere???” And then there are construction companies, automobile companies, and oil and gas companies that employ a lot of people. Kind of hard to employ those people if we built more sidewalks and bike lanes, and built medium-density mixed use neighborhoods. Where’s the lobby against the automobile industr…
Re: Bay Area cities want to end single-family home zoning
#293Earlier quoted context omitted.
We just ran a massive experiment, called Covid-19, which caused about 10% of San Francisco residents to leave the city. This is not quite the same thing as an immediate increase in supply, but instead a large drop in demand. The net result is the exact same thing: a large increase in the vacancy rate, which resulted in a rapid and dramatic decrease in median rents.
How much of a decrease on average?
Has the decrease at about 22% at one point. Lowest rents since 2013. They seem to have gone back up somewhat since, but that is a big adjustment and reflects excess supply.
Re: Bay Area cities want to end single-family home zoning
#294Earlier quoted context omitted.
> moving to a place that already matches your preferences better than where you are now Still assuming there is such a a place. Why would you assume (again) that I didn't already research and consider alternatives before plonking down a third of my net worth on a house? I live where I do because it was the best match for what I'm looking for, but the fact that it's the best available doesn't mean I can't wish it to b…
> Still assuming there is such a a place. Have you tried to find out? > "Just move" only works for one constituency - those who don't have or want any connection to whatever community they live in Not at all. People can change communities. The fact that a person chooses to move does not mean that had no connection to the place they are leaving, or that they won't form any connections to the place they move to. Maybe…
I've lived 20 places in my life, from New Zealand to Massachusetts. I know all about uprooting oneself to seek something better, broadening horizons, etc. Please stop making convenient personal assumptions.
Re: Bay Area cities want to end single-family home zoning
#295Most of the land in my (Massachusetts) town is zoned for single-family homes. There are several identifiable square-mile or larger areas with nothing but homes plus maybe one school and one church. Maybe a gas station / Dunkin Donuts within fifteen-minute walking distance. That's no way to live. I'd love to change it, with greater zoning diversity and particularly that which allows higher density, but there valid obj…
I live that way and rather enjoy it. If that sounds so terrible to you, I suppose you should move elsewhere instead of turning the neighborhood I live in into the one you'd like to.
There's plenty of room for everyone.
Re: Bay Area cities want to end single-family home zoning
#296Earlier quoted context omitted.
We just ran a massive experiment, called Covid-19, which caused about 10% of San Francisco residents to leave the city. This is not quite the same thing as an immediate increase in supply, but instead a large drop in demand. The net result is the exact same thing: a large increase in the vacancy rate, which resulted in a rapid and dramatic decrease in median rents.
How much of a decrease on average?
https://www.bloomberg.com/news/articles/2020-12-08/san-franc...
Re: Bay Area cities want to end single-family home zoning
#297Earlier quoted context omitted.
> Just because something is permitted doesn't mean it happens. It's very hard to find a vacant lot or tear down at a price that would work First you make things legal then you streamline them. > You would need to find a developer willing to take a risk on a minuscule profit and an architect who enjoys brain damage," he said. "They are complicated little projects. It's the absolute opposite of economy of scale." Once…
> Those developers just want to keep the code complex so that only 100 unit projects are viable so that huge firms are the only ones who can execute projects. Strong disagreement. The best thing for developers would be minimal zoning, Houston style. As the Bay Area built to expand from 7M people to, say, 20M in a decade, enormous fortunes and livelihoods would be made from all that construction work.
Re: Bay Area cities want to end single-family home zoning
#298Earlier quoted context omitted.
Right. A better term would be Apartment Prohibition, which swept the country in the 1970s after the Supreme Court said you can't just directly exclude people by race.
Nothing stopping Blacks or Hispanics from moving to the suburbs except for the laws of supply and demand. It's no secret that Asians (a historically disadvantaged POC) flock to the suburbs. By definition not racist.
No, our nation's history guarantees that economic segregation is racial segregation. These laws were literally designed to create racial segregation.
Saying, "we only like the economic segregation part now" doesn't change the outcome.
Re: Bay Area cities want to end single-family home zoning
#299Earlier quoted context omitted.
It’s both. There’s a lot of “we’ve always done it this way” and “what would I ever do without taking my car everywhere???” And then there are construction companies, automobile companies, and oil and gas companies that employ a lot of people. Kind of hard to employ those people if we built more sidewalks and bike lanes, and built medium-density mixed use neighborhoods. Where’s the lobby against the automobile industr…
I do not find myself disagreeing or agreeing. I understand I am not knowledgeable in this space and I am just trying to find answers to my questions. I will definitely look into what you mentioned.
Re: Bay Area cities want to end single-family home zoning
#300Earlier quoted context omitted.
Houses are bought and destroyed to make way for tri-plex blds and condos at a pretty consistent pace where I live, because the returns are that good. I'm surprised that this would be any different in SF.
I suspect where you live doesn’t have environmental impact studies and objection by basically anyone in the entire city requiring design review. Fixing the zoning is a first step, but won’t solve all the other issues.
We need Land Value Taxes.