If regulations like these are necessary, they should be applied in areas without a housing affordability crisis. But somehow, it’s always the high-cost cities that get hit with even more burdens.
If regulations like these are necessary, they should be applied in areas without a housing affordability crisis. But somehow, it’s always the high-cost cities that get hit with even more burdens.
Also, any desirable part of the country with jobs is facing a housing affordability crisis. High rents are caused by greedy landlords and the protections given to them by the government, not because of regulation requiring them to spend a little bit more on an electric range.
I bet the reason for this rule that house price in SF are finally in step with inflation.
Anyway Im not against doing this but let’s be honest here: this is going to make houses just less affordable. The are some benefits of this rule but affordability is not the one.
[1] https://www.redfin.com/city/17151/CA/San-Francisco/housing-m...
If rent is 3k, inflation say 3%, that’s 1k. The change is at least 3x that