Re:Average Rent in San Francisco Has Dropped $1k This Year
by metalliqaz on Monday December 28, 2020 @09:50AM
(#25559569)
i imagine the people fighting hardest are the people who bought in /after/ the rents went up to absurd prices, and thus didn't profit hugely but will take a hit if the prices fall. (see taxi medallion investors in NYC)
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Re:Average Rent in San Francisco Has Dropped $1k This Year
by whakim on Monday December 28, 2020 @10:15AM
(#25559794)
In my experience (which is admitttedly mostly anecdotal, but comes from having attended a number of public forums/planning meetings etc.) another huge group of people fighting hard against new development are the ultra-left wing of SF local politics. These people aren't against new housing per se, they are just rabidly anti-developer. They spend so much time delaying projects by trying to get developers to increase the amount of below-market rate housing in their new developments that the developer eventually just gives up because the whole process takes so long and the potential profits dwindle down to nothing.