Yay, yet another city trying out the horribly naive and misguided "Below Market Rate" housing model that only serves to distort the local housing economy further. I had a front row seat to experience the process because someone I date got into a BMR house about 1.5 years ago. For those that don't know, BMR housing programs usually work like this: - In order to build a new building, the builder must agree to allocate…
The real solution, as you point out, is fixing the supply. The reason the rent is too damn high is that the market has insufficient supply. You can encourage buildings with more store frontage near the market level(s) and more housing above by offering economic incentives (possibly with conditions like rent control) until you reach a more desired outcome. PS: While you're doing this please also include civic funding…
Once the no-parking model has been established in SF, other cities will have a model to copy and the startups that solved the problem can expand to those new markets.
On demand transportation companies are already starting to challenge the economics of car ownership for many people. It's only a matter of time until they challenge the economics of car ownership for just about everyone.