It is time for fundamental reform of SF’s insane restrictions on residential building. Whenever I tweet about need for more housing supply in San Francisco, people respond that new high-end housing won’t help lower-income people. That is exactly backwards. New high-end housing supply will redirect demand that is currently causing prices of existing housing to rise.
If you want existing SF housing prices to stop rising or fall, you should logically cheer for as much new high-end building as possible. And of course, any/all building restrictions that are holding back BOTH high-end and low-end housing construction should be reformed ASAP.
The root cause of SF’s housing problem is the basic rule of supply and demand. Time to end the madness, including restrictions and price controls. The most effective way to protest SF’s housing problems is to exert pressure on the SF Board of Supervisors. They are the key. “Our approach to housing in San Francisco is very dysfunctional,” said Scott Wiener, a SF supervisor who is a proponent of new housing. “…The system is intentionally designed to make it as difficult as possible to build new housing.”