I’ve lived in London, too, and everything is expensive there. It’s crazy! I looked for an apples to apples comparison of housing costs, and I found that people in London spend an average of 26.2% of their income on housing, whereas people in San Francisco spend an average of 39% of their income on housing. Not to minimize London’s problems, but this is a huge difference.
I totally acknowledge your first point, which is totally related to the second point. However, San Francisco is the second most dense major city in the US, behind Manhattan. New development isn’t a bad thing, it’s just going to be diminishing returns, and there’s one other factor I’ll mention in a moment…
Honest question: for rentals being put on the market (that is, not the prices paid by current tenants) are you aware of a substantial difference between the cost of a rent-controlled apartment and a non-rent controlled apartment?
It is pretty clear that things are getting worse. The percentage of income paid for rent has increased for everyone but the poor since 1990. Note that the rich have had the least increase, while the middle classes shouldered the burden. The housing problem has gotten worse.
If I’m following your argument correctly, you are saying that it isn’t a 300 foot fall that kills someone, it is the sudden stop at the end. Then reduction in supply due to rent control is the 300 foot drop, the sudden stop at the end is increase in prices. Are we agreed now?
The only reason the change is being proposed is because housing is in short supply and too expensive in San Francisco. Read the articles about it. There’s nobody in the SF government who seems to be adopting a principled, libertarian stance of “we should allow people to live how they see fit and can afford, whether it is a mansion or a windowless cement shack, or anything in between!” No, the argument is that these apartments will help the housing situation. I’m attacking that argument, and I’m not concerned with floor plans or construction codes in general.
Just like discussing health care reform is not a personal attack on your own physician, discussing housing policy is not an attack on your apartment. There’s no need for you to take offense, I’ve made no statement about you personally.
This is really an incredible statement. There’s no limit on density? Should San Francisco aim to be more dense than Manhattan? As PBear mentioned above, SF’s public transportation system… well, it ain’t exactly tops. I’m not sure what the utility infrastructure is like (e.g., whether sewage treatment is a concern if there’s further population growth) but I’m not sure anyone in San Francisco would really be called “pro-growth.”
Also, the current housing market is making San Francisco LESS diverse: link.
Just to be clear, I’m not conservative by any stretch.
(I think I may have screwed up some of the multiquotes as far as attributing the quotes to different posters. If I did, I apologize in advance, it was not intentional, and I did my best to correct the errors… but I’m not sure I got all of it correct.)