News for hackers. Stuff that matters.

A comment on Bay Area hammered by loss of jobs: Lack of affordable housing strangles hiring. Parent comment

Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by davidw on Wednesday October 25, 2017 @01:47PM (#15552282)
What SF probably needs is not huge projects downtown, but more incremental growth further out. In Europe, in a city that size, you'd see a lot more 4/5/6 story development, rather than the huge skyscrapers downtown and then 1/2/3 story in a lot of residential areas.
[ Parent | on HN ]
Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by JBlue42 on Wednesday October 25, 2017 @07:16PM (#15555120)
I agree. Same in LA. I was merely pointing out things I heard directly from people working with a major real estate developer there. I know from the design side that there was a major fight to try and get in some sort of affordable residential vs what the developer was hearing from their number crunchers.
[ Parent | on HN ]
Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by davidw on Friday October 27, 2017 @01:15PM (#15570327)
Yeah, stuff in SF is complex. Could be that, yeah, if they decided to add some residential, they got more NIMBY pushback, or some kind of requirement to add N% 'affordable' that made it pencil out as less profitable.
[ Parent | on HN ]
Re:Bay Area hammered by loss of jobs: Lack of affordable hou... by JBlue42 on Friday October 27, 2017 @01:39PM (#15570544)
It's possible but honestly I don't think that's a factor only that commercial real estate in downtown SF is going to get them more bang for their buck right now. Their timeline is looking 5-10 years out so they have their shit together (as well as experience) to deal with SF stuff.
[ Parent | on HN ]