Striking a Deal

At the risk of ranting, let’s discuss the issue of San Francisco housing regulation. I’ll try to remain short and concise on the matter. It is news to no one that San Francisco has major housing issues, the stem of this issue is caused by the clear-cut nature of supply and demand and their constant friction. The supply of housing simply is not meeting the demand. But this poses the question is that really all that is at play here. I was looking over the work of Randy Shaw and it becomes clear that this isn’t the main cause of it. I invite you to read the following: “City Hall Plays let’s make a deal” and “Mayor Lee Rejects Housing Groups Blackmail”, and join me on this discussion and see if you pose any opposition to the conclusion he draws.
To sum up, Mr. Shaw suggests that Peskin, a nonprofit house representative, Mayor Lee, and realtors are at a standstill. It two of the ballots to be voted on are attempting to shove the nonprofit builders aside from government funding, to which we have the nonprofit sector attempting to make an amendment to the bills being voted on that would, in turn, protect them and affect the realtors negatively. He takes this one step further and suggests that there was an attempt to blackmail, so to speak, the mayor into siding with the nonprofit builders rather than the realtors. It seems only led to retaliation that is in turn possibly hurting the nonprofit builders as he suggests that the nonprofit sectors believe leaving it up to the voters would result in their ultimate failure. The result of which is more regulation, less housing.
So, where does this leave us? As you know, the bottom-line here at Re-viv isn’t solely about the commercial real estate, it’s about how we create and structure community. So quite frankly, this is damaging the community it is attempting to protect. By pining mayor, against nonprofit against realtors who ends up really losing, us. The squabble is ultimately a mere power shift between regulatory boards. The bottom line is there’s no viable solution in sight. Less housing is being built, more people are being pushed out of this city and rent is continuing to skyrocket as the highest in the county. You simply cannot regulate your way out of this problem, there must be housing to choose from. Until either side gives in for the sake of the community, everyone, of all income levels, will in trouble. The impact will hit the long term economic growth of San Francisco, plain and simple.

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