It seems that where housing is concerned, SFO is the 0.5% portion of the United States which is responsible for at least 40% of the whingeing.
Given the numbers of local governments and pressure groups which would have to be mollified, and the eminent domain seizures needed, this is effectively the same as the âmagicâ solution.
I have no idea what the actual number is, but suppose that to build on a 5000 square foot lot in SFO requires $250,000 in permits, legal fees to fight NIMBYâs, bribes to NIMBY organizations, concert tickets for bureaucratsâ kids. et cetera.
Thatâs a quarter mil in vigorish before the first shovel of dirt gets turned. With that in mind, does the builder decide to put up a three-flat for low income residents, or a $2 million house for some Google middle manager?
Californians arenât going to destroy San Francisco Bay. It is politically and socially a non-starter.
I was thinking the same exact thing. I always found that part the creepiest part of the character. Cancelled way too soon.
How about a 10 story tower of apartments/condos?
Would require increasing the bribery public relations budget by an order of magnitude.
You have the same community NIMBY meetings blocking your building either way. You might as well maximize the return if you survive the gauntlet. It isnât like San Franciscans want you to build anything really. Thatâs what Iâve observed from across the Bay.
Canât you build down?
Iceberg apartment buildings inside all those hills?
Enso, thatâs exactly what itâs about. Every long term San Francisco homeowner, âprogressiveâ though she might be, deep deep down luuuuuvs the fact that her home can now be sold for 8x what she paid for it.
Sheâll give up 30% in property value about as readily as sheâll give up 30% of her bone marrow.
This is the start point from which each solution must begin.
That would be an unusually large (and thus almost impossible to find) lot size in Chicago. Where exactly are lots that size in downtown San Francisco?
I own my home in Oakland (and a rental in Berkeley) so I canât exactly pretend to be disinterested in this motivation. Iâm 45 this year and this is my âWhat happens when Iâm 65?â plan.
The same thing as my aunt and uncle who left SF proper after 40 years. Buy a home in Sonoma County with cash live off the rest.
Theyâre not going to make any more SF, I wouldnât worry about a 30% crash.
I donât live in SF.
Yeah, youâre probably right. I doubt that the fixed costs would be too much different if it was a ~3000 sq ft Chicago size lot though.
Yeah you do. And Brooklynites live in New York City.
There is a pretty dramatic difference between the East Bay and SF. I mean, really, Iâve lived here 10 years and barely know SF. I get over there six to eight times a year. The legal codes and attitudes are completely different. While it is an influence, it isnât as much as some folks think.
Faith in the citizenryâs ability to rule themselves?
So basically, âdonât hate the player, hate the gameâ?
Thereâs still a few poor neighborhoods in SF to left gentrify and raze Iâm sure.