It's about time for the next Bay Area recession. Some of those buildings will never be fully occupied. Remember 2008? 2001?
It's about time for the next Bay Area recession. Some of those buildings will never be fully occupied. Remember 2008? 2001?
If you want to see slums I can share some pins of places in the East Bay and the hinterlands of SF, and you can tell me if you think midrise condos on the caltrain/camino real corridor in the peninsula will ever look like that. I'll even take out a 15 year bet with you
No economist agrees with you. It's indisputable that there is a housing shortage in the Bay Area.
> It's about time for the next Bay Area recession.
Do you really want misery for the working class because you don't want to see "cheezy luxury condos" along the tracks?
> Some of those buildings will never be fully occupied.
I recently bought a condo near 22nd St. and I can tell you the building filled up very quickly. With real residents, not foreign investors.
The likely ossification of such midrises shows why incremental, small-scale increases of density, like allowing threeplexes on small lots, is so useful.
I used to live in the "slums" of the bay area back in 2008. Trust me - by now even those slum houses are going for at least 2008 prices before crash and better and the neighborhood I lived in in SF is crazy expensive.
Aren't those buildings fully occupied today?
I mean I've encountered this enough that I know the answer now: obviously.
You won't ever get them to admit it though
Yeah, and every office park that felt empty in the fallout of 2008 is now bursting with businesses and people. Why are you so worried about the threat of a recession and unoccupied land that you don't want to add housing in a region with record homelessness numbers? This feels extremely conservative.
> add housing in a region with record homelessness numbers
is disingenuous as it suggests that one cause of the homelessness problem is actually the only cause of it