The Insane Battle To Sabotage a New Apartment Building Explains San Francisco's Housing Crisis

Asking why there isn't enough housing is like asking why water is wet. The answer is state/local government regulation. There's an old saying "your margin is my opportunity" and I suspect that the current crop of homes that are built have decent margins, but in a deregulated market an entrepreneur could come in offer more affordable housing options with lower margins. You can see this in vehicles. Nobody complains about the vehicle affordability problem because there are far fewer regulations in the transportation industry (don't get me wrong, there are regulations, but not a constraining as you see in the housing market). There's a vehicle at every price point. You got bikes, then ebikes, mopeds, scoters, motorcycles, sub compacts, compacts, full size, trucks, suvs, and all the way to crazy expensive sports cars. You don't see that in house because affordable housing is not a good business. It's impossible to offer options at the lower end of the market because of zoning laws, environmental impact regulations, a difficult permitting process, nimby's, and affordable housing politicians that are really big proponents of affordable housing except "they have question about this particular housing project." Here is a terrific video that everyone should watch that shows how insanely difficult it is to make affordable housing. A ▶ this video Sometimes what you need is less government regulation, not more. edited sentence "You don't see that in house it's not a good business." to You don

Politics is a huge factor in the lack of affordable housing. Both legislation and concerns by citizen about how new housing will "change" a neighbor make it next to impossible to build higher density housing. Watch this video - it's eye opening ▶ this video

It's very complicated. People have conflicting ideas - one the one hand, they want affordable housing (ie their rent to go down) or the other, not in my backyard. Worth a view The Insane Battle To Sabotage a New Apartment Building Explains San Francisco's Housing Crisis ▶ this video

"You can't have it both ways. Either change the city and build upwards or stop complaining about the price of living" Yes. Here is an awesome video documenting one persons struggle to create an apartment building: ▶ this video

Landlords, yes, but also people who think that new market rate housing will destroy the character of their neighborhoods, or something. Take it with a grain of salt because it's reason.com, but this video does do a good job of conveying a sense of how ridiculous the situation has gotten: ▶ this video

Is it the old people? It feels like it's the new, young people moving to the city that do this. When people do investigative reporting on the SF housing market, they find a bunch of people who have been spent 8 years trying to convert dilapidated buildings into an apartment complex, but have been getting blocked by environmental reports on what shadows the building will cast, or other bureaucratic nonsense. This is a famous video demonstrating that point; where even if you're rightfully zoned to do something, it can take years and years of fighting bureaucratic nonsense if you haven't bribed the right people ▶ this video

▶ this video If only Californians didn't actively try to stop construction. If you want to build housing and that will cast a shadow on a nearby playground, that's no good. California is literally the worst and most expensive place to develop anything.

It has to do more with regulatory burdens in Democrat strongholds ▶ this video Can't have your building cast a shadow on a school playground (you haven't paid bribes to the right city officials to get rid of their roadblocks)

Its the whole building over the laundromat, and its big enough. Reason did an article and video interviewing Bob Tillman[0], the owner, who has spent nearly 5 years and $1.4 million trying to convert his laundromat into new housing. [0] ▶ this video

Counterpoint: NIMBYs in SF preventing development of new housing by even a small entrepreneur: ▶ this video Something tells me JP Morgan would have an even tougher time getting past the NIMBYs.

ReasonTV made a video about the laundromat case a few years ago. The video is from 2018, is 2022 and still the same problem persists. ▶ this video You wnat to make affordable house? Increase the demand. Is not that hard.

Another example: ▶ this video Politicians don't want private industry affordable housing because they don't get any credit for it. They rather have almost no housing for the less fortunate but the tiny bit that is affordable they get credit for.