by Tim Redmond :48hills – excerpt
Democratic Party will debate the issue; expect fireworks. Plus: Public hearings are part of civic life. Get used to it. By Tim Redmond MAY 26, 2015 – So now even that radical left-wing rag The Wall Street Journal has weighed in on the housing crisis in major US cities, mostly NY and SF, and concluded, in part, that too much luxury housing has an impact on existing rents and “is adding to the rent squeeze.”
The Journal isn’t exactly calling for a limit to new high-end housing, but the paper has helped identify the problem.
And it’s a critical time: The proposal for a moratorium on luxury housing is heading for a huge, high-stakes showdown at the Board of Supervisors June 2. Sup. David Campos, the sponsor, convinced his colleagues that the item should be heard by a Committee of the Whole…
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