Dear Aaron Peskin, I live in Supervisorial District 3, at ... . You represent me and my neighbors in your position on the SF Board of Supervisors. Your work is very important. I have lived in SF for 6 years and have seen the housing market get more and more expensive while the city's businesses have grown. Economically, the city is prospering and adding many jobs which bring workers to the city every day. Unfortunately, the city has not added enough housing for these people. Here are the numbers:
- In 2011, SF jobs increased 2% (see [1] page 5) and housing increased 0.07% (see [6] page 4).
- In 2012, SF jobs increased 5% (see [2] page 5) and housing increased 0.4% (see [7] page 4).
- In 2013, SF jobs increased 5% (see [3] page 5) and housing increased 0.9% (see [8] page 4).
- In 2014, SF jobs increased 5% (see [4] page 5) and housing increased 1% (see [9] page 5).
- In 2015, SF jobs increased 5% (see [5] page 5) and housing increased 1% (see [10] page 5).
The 2016 reports should appear at [11] when they are available.
I took Econ 101 in college and learned about the Law of Supply and Demand. It's clear to me that SF's housing crisis is caused by demand growing much faster than supply. The city has enacted many policies and programs to boost the economy, creating more jobs. It has not done enough to make places for all of those workers to live. It's an imbalance of epic proportions.
Fixing this situation is the responsibility of the San Francisco Board of Supervisors. You are our elected member of the board. Please tell me what you are doing to increase the housing supply.
Sincerely, Michael
[1] http://sf-planning.org/sites/default/files/FileCenter/Docume...
[2] http://default.sfplanning.org/publications_reports/Commerce_...
[3] http://default.sfplanning.org/publications_reports/Commerce_...
[4] http://default.sfplanning.org/publications_reports/Commerce_...
[5] http://default.sfplanning.org/publications_reports/2015_Comm...
[6] http://www.sf-planning.org/ftp/files/publications_reports/20...
[7] http://sf-planning.org/sites/default/files/FileCenter/Docume...
[8] http://default.sfplanning.org/publications_reports/Housing_I...
[9] http://www.sf-planning.org/ftp/files/publications_reports/20...
[10] http://default.sfplanning.org/publications_reports/2015_Hous...
[11] http://sf-planning.org/citywide-policy-reports-and-publicati...