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Comment by unglaublich | Hacker News Reader

Good for OpenAI, but the fact that this is "news" on the SF real-estate market is quite troubling.

All the actual news on the SF real estate market is waiting for the effects of various local laws being flatly overridden by the state [1], which will take about six months from now to get to the 'or else' point of huge amounts of state funding being pulled from the city.

In particular, it will completely eliminate discretionary review for most projects, which is an overwhelming source of construction delays and cost inflation in SF.

[1]: https://www.sfyimby.org/sf-yimby-blog/housing-policy-and-pra..., see the report PDF at https://www.hcd.ca.gov/sites/default/files/docs/policy-and-r...

With all the doom and gloom SF news, much of which is also unwarranted, it’s reasonable to have some possibly unwarranted, non gloom and doom news as well.

Isn't the real news the recent government commercial to residential conversion ~~bailout~~ incentive?

just come out and say what you want to say

The government shouldn't bail out CRE, they should let them fail, spend the money to purchase the properties at bargain auction prices, renovate them, and rent them out at cost. Ideally the government should provide housing to anyone, not means tested, one bedroom per person or partnered couple. Because shelter is a human right.

There are more individuals and couples than bedrooms. Now what.

Well let’s just not do anything!

Why should the government buy them instead of providing the grounds for private party to access the real estate and do it themselves? Where do you draw the line? Should the government continue to push companies to fail so they can buy more land until they own it all?

I’m low income and I work hard to afford living in SF and I don’t agree with having to pay even higher taxes for the government to waste 80% of that on bureaucracy and 20% in housing.

I agree with you in that they shouldn’t bail anyone out, but I think they should just operate in their realm: zoning, code and incentives to entice the change to residential.

high key fax, no printer

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