Re:The Housing Market in San Francisco and Ideas to Fix It
by mikeyouse on Thursday April 07, 2016 @04:15PM
(#11450286)
So over 20 years, your property taxes would increase by ~49%. The median sale price in 1996 for a home in SF was $275/sq. ft, today it's more like $1,250/sq ft. 450% appreciation in 20 years, or something like 7x faster than property tax increases.
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Re:The Housing Market in San Francisco and Ideas to Fix It
by gedy on Thursday April 07, 2016 @04:26PM
(#11450401)
And why exactly would that help housing availability and costs for people living in SF?
Re:The Housing Market in San Francisco and Ideas to Fix It
by mjevans on Thursday April 07, 2016 @04:38PM
(#11450514)
Supply side market pressure. More housing, lots, and lost, and lots of housing. Also, corresponding infrastructure (including civic utilities like parks) to accommodate the additional residents.