Another day, another 500 units of housing in San Francisco rejected by the San Francisco Board of Supervisors.
Thank you @MattHaneySF, @SupStefani and @Ahsha_Safai for supporting building housing on a surface lot next to transit.
“The UCLA study shows supply and demand doesn’t work.”
The line on the slide says a 20% increase in the number of homes decreases prices by 10%.
¯\_(ツ)_/¯
To be clear, the Bay Area stopped building the housing needed starting in the 1970s. We intentionally created a housing shortage.
In order to fix this problem, building more market rate housing is necessary.