This is exactly what they want. Their contention is that SB50 doesn't place enough emphasis on affordability, so developers will mostly build market-rate housing. If you build enough market rate housing, the prices do eventually come down, but that takes a while to happen. During that time, a lot of people can lose their homes, especially since lower-income areas can be the most profitable ones to build new housing in. So the people who need it most never end up seeing the benefits of lower prices from market-rate housing, because they get kicked out of the city before those benefits kick in.
You can have multiple bills, we shouldn't shoot ourselves in the foot just because we have only a solution to one part of the problem.
You do understand that people advertise apartments available for rent before the previous tenant has moved out...
In Québec, the majority of leases end on July 1st and you have a number of people moving on that day which is quite greater than the vacancy rate. You can sign a lease for a new apartment months ahead of time.
It’s similar to the unemployment rate, we call ~4% unemployment “full employment” since it would be impossible for every single person to have a job in a fluid job market.
True, but sometimes people just leave without giving warning, or the next person can't move in immediately. Sometimes, in a limited supply market, the landlord will wait for someone willing to pay a specific price since they know there's no other options.
In San Francisco, that's the case for roughly 5% of the units at any given time.
Only 8% of the currently homeless population became homeless because of mental illness. People with mental illnesses are by far the most visible of the homeless, because they are crazy. But they make up a minority of the population.
18% became homeless because of drug, or alcohol abuse. 42% report drug, or alcohol usage, even if that might not be the cause of their homelessness. 39% report psychiatric issues, even if that might not be the cause of their homelessness.
[1] http://hsh.sfgov.org/wp-content/uploads/FINAL-PIT-Report-201...
Source (pg 22, Mental Illness + Alcohol / Drug Use): http://hsh.sfgov.org/wp-content/uploads/FINAL-PIT-Report-201...
"Over one-quarter (26%) of respondents identified job loss as the primary cause of their homelessness. "
Maybe I'm forgetting an unintended negative consequences, please do share of that is the case.
Any city will have some % of empty rentals, if it didn’t, no one would ever move around.
According to the US Census, [1] San Francisco’s vacancy rate is 5.4%, New York’s is 4.5%, and Seattle is 4.8%. But many cities have 10%+ or higher.
It’s pretty disingenuous to say these homes are truly empty or that they’re a sign that “we don’t have a housing crisis” as the Moms 4 Housing group suggested in the article. It’s just a misunderstood statistic being weaponized against building more housing.
If you want to help homeless folks, build more housing and put them in it. If you want your rent to go down, build more housing. If you want your cost of living to go down, build more housing.
[1] https://www.census.gov/housing/hvs/data/ann18ind.html