JULY 15, 2014 — Yesterday, we presented Part One of our Housing Video Series, explaining how San Francisco got into this mess. And in Part Two, we show how the “market-based solution” that the mayor and so many others appear to favor — just building and building for-profit market-rate housing — will eventually bring down costs.
Fact: We have abundant empirical data to show that’s just not true. Check out this video and understand why trickle-down housing economics won’t work in San Francisco — and to get a sense of what will.
By the way: If you want an idea of what happens to a city that is enamored of building highrise housing without much limit, check out Vancouver. Once a jewel of the West Coast, it now looks like … Hong Kong. Or Miami Beach on steroids. And housing prices are still out of reach for many.