Government social engineering is rarely effective. But instead of banning office construction in SF maybe the Feds should encourage job creation in the rust belt where there is a housing surplus. Provide tax incentives for green companies like Tesla to build plants in old car building states. Give employees incentives to move to areas where house are only $150k
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The article is talking about the very real possibility of no development occurring because of late in the day union demands.
This kind of inertia can only happen in the bay area.
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If this comes through. it’s not going to be a good thing for Concord landlords, as well as landlords of downstream Antioch/Pittsburg/Brentwood.
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But Good for the Bay Area longer term.
Isnt that only true short-term? It’ll create supply which will weaken rents short-term. The units will fill up then rents will start increasing again.
Well you get a bigger supply pool so long-term growth will be lower than without these additional supply. It’s landlord personal interest vs people’s interest. 
Imagine the traffic on nearby freeways once these new units are filled up. Highway 4 is already very bad.
I think that’s short-term if population grows.
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It is all about the cost of new construction. The high costs are mainly due to restrictions on zoning and overly restrictive codes. $600/sf including land to build apartments in Oakland. All the current construction projects will go bankrupt as values get compressed 50%.
This push to make housing a human right has a number of concrete policy goals, according to Fife. The first is establishing a right for housing, which would then legally compel the government to provide housing for the unhoused population.
Marriage is a human right. Government should provide a spouse for the unmarried population.
Employment is a human right. Government should find a job for the unemployed population.
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There is no such thing as affordable housing. A myth prompted by political idiots that don’t know what a 2x4 looks like. Construction regulations and zoning restrictions caused by these people has created the problem. they certainly can’t be expected to solve the problem
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Wow. This is basically racketeering. Los Altos acts like criminal conspiracy.
Paying the price of co-opting with ruffians?