Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by ashtonkem on Sunday October 25, 2020 @06:46PM
(#24890749)
SF literally created the first zoning laws in America. Nothing that's happened there in terms of zoning and real estate cost is an accident, it's a natural result of politicians and citizens valuing real estate value above pretty much anything else.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by spenczar5 on Sunday October 25, 2020 @07:11PM
(#24890971)
> SF literally created the first zoning laws in America.
This is not true. The first was either in Modesto in 1885, LA in 1908, or NYC in 1916, depending on how you define things. Definitely not SF, though.
Doesn’t really change your point, I just want to correct an urban legend.
This problem is entirely of the Bay Area’s own making. They have been pursuing exclusionary housing policies while cranking up taxes and spending for a long long time. Now the revenue base for those taxes are collapsing at the exact time they need the revenue to weather the storm.