The only people who are really concerned about this are the ones to insist that SF and Oakland are totally different cities. Come on guys, they've been the same economic region for 100+ years, it's time to admit that they're the same city.
What about cooperative ownership? When an asset is communally owned, it reduces the temptation for people to destroy it for a payout.
For example, TICs are declining in numbers in SF, not increasing. If communal ownership were a viable option, we should see the number of TICs increasing.
>If communal ownership were a viable option, we should see the number of TICs increasing.
I don't understand how that follows. All that indicates is that some particular operating structures (the specific TICs in place in SF) are not viable on one specific market (SF) in one particular moment in history.
I was just suggesting that in theory communal ownership could solve the problem. How to actually get that to work, in practice, is a problem that entrepreneurs have been working on for decades, and it will take many decades more.
I live in a reasonably affluent smaller city and the problem of affordable housing for the "working poor" is about the same here ... but I still haven't seen what I think is a viable solution (developers were compensated for building low-income housing and maintaining low rent for 10 years, but now the rent for those houses exceeds my monthly mortgage).