By Joe Eskenazi : missionlocal – excerpt
San Francisco’s mayor could have confounded and neutralized the city’s political left for years by embracing homeless measure Prop. C. Instead, she isolated herself, rejecting it with specious arguments.
Uneasy lies the head that wears a crown.
London Breed is the mayor, and you are not. We have “takes.” She makes “decisions.” The mayor’s decisions carry weight. They are tangible…
So, make no mistake: Breed’s firm rejection of homeless measure Proposition C — a choreographed Friday announcement coming in lockstep with Sen. Scott Wiener and Assemblyman David Chiu — was a crushing and credibility-destroying decision.
This was rendered even clearer by Monday’s splashy announcement from Marc Benioff, the city’s favored benevolent billionaire, that he was going all-in on supporting Prop. C. The measure’s backers had, previously, likened themselves to David battling the Downtown powers-that-be Goliath… (more)
There are better places to live and work that have nothing to do with Prop C and taxes. Businesses have soured on San Francisco for the same reason we all have. A high cost of living should at least guarantee a high quality of life and San Francisco is not delivering. We are poor has-been version of a once great city and no one seems to know how to pull us out of a race to the bottom, or if they do, they are being ignored.
New study says rent control doesn’t discourage new housing
USC researchers say the data shows that Prop. 10 wouldn’t stifle housing production. That’s a direct challenge to the real-estate industry campaign
By Tim Redmond : 48hills – excerpt
The landlord lobby – and it’s one of the most powerful interests in the state of California – is spending more than $40 million to convince voters not to support Prop. 10 – a measure that would allow (but not require) cities to impose effective rent controls…
The USC study, sponsored by the California Community Foundation, suggests that rent control tends to keep rents lower even in uncontrolled buildings, helps preserve housing and community stability – and has little discernable impact on the construction of new housing.
The study’s authors are not economists. The lead author, Manuel Pastor, is a sociologist. The two other authors, Vanessa Carter and Maya Abood, are urban planners.
But unlike the Stanford economists who put out a complex study on the economics of rent control, complete with equations that almost nobody can understand, the USC report looks at the existing literature on rent control… (more)
The market appears to be in a self-correction mood that could slow development regardless of how the outcome of Prop C and the repeal of Costa-Hawkins.