What cant there be more housing development on the edge of SF, or taller building with many smaller apartments etc. Underground packing lot?
Edit: Ok, is it because it is in an Earthquake zone?
What cant there be more housing development on the edge of SF, or taller building with many smaller apartments etc. Underground packing lot?
Edit: Ok, is it because it is in an Earthquake zone?
http://projects.scpr.org/prop-13/stories/housing-shortage/ has a good write up.
Because land isn't taxed based on it's current value landowners have little incentive to develop their land in order to get the most out of it. They simply bank land as much as possible as it's the most surefire way to turn a profit. It's why we have golf courses* in city centers and dilapidated shacks* next to Google's global HQ.
Additionally, prop 13 gives landowners every incentive to lobby for policies that restrict development in order to drive up prices instead of fighting for the right to build 4 story apartments on their property.
Slashing property taxes always floods the market with speculators and destroys housing affordability. Look at Vancouver, or Malta, their housing shortages rival SF despite low wages and comparatively small economies.
* https://www.planetizen.com/node/93284/la-country-clubs-takin...
* https://www.theguardian.com/technology/2016/dec/15/google-ca...
Needing a permit to install windows is a thing everywhere. Because if you want a really good way to ruin a house, installing windows wrong is a great way to do it.
https://www.lexology.com/library/detail.aspx?g=5181e80b-f307...
The truth is that it’s prime real estate with a beautiful climate, and risks of earthquakes aside (and you can’t avoid natural disasters of some kind wherever you live) lots of people would like to live there. That’s no more an argument to build build build than it is to knock down any existing popular city or town and build high rises. While this argument is often derided as “NIMBYism” it is also true that it is in fact already some people’s back yard in the first place. A balance needs to be struck between the people and interests who’ve invested generations in a place, and people who want to flood in and change it to suit their desires.
Three of the edges of SF are water.