Is it a problem only for SJ? Or is it a widespread slowdown?
‘On Tuesday, Liccardo said he was “aghast” to find that the city last year granted planning permits for fewer than 200 housing units — a step before issuing a building permit — signalling there aren’t many homes waiting to be built.’
I thought the article was well written. It clearly laid out the issues on building even with permits available. People can’t make money and didn’t fear monger on rents by pointing out rents only went up 1%