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Restrictions on zoning and planning created the housing crisis and cause it to continue. SF should allow construction of more housing supply to meet the increase in demand. Instead of an overpriced city plagued by the paradox of high wage poverty (even university graduates are piling into overpriced apartments because they can't afford a place of their own), SF could be a more prosperous city with a higher standard of living simply by allowing enough construction to meet demand. Extending rent control out to the suburbs might protect some people, probably at the expense of others, but it does not address the shortage that is causing the problem.
Restrictions on zoning and planning created the housing crisis and cause it to continue. SF should allow construction of more housing supply to meet the increase in demand. Instead of an overpriced city plagued by the paradox of high wage poverty (even university graduates are piling into overpriced apartments because they can't afford a place of their own), SF could be a more prosperous city with a higher standard of living simply by allowing enough construction to meet demand. Extending rent control out to the suburbs might protect some people, probably at the expense of others, but it does not address the shortage that is causing the problem.
It actually makes it worse by further tightening supply via reduced building of eligible apartments and lots of conversions into SFHs.
Also section 8 is one of the biggest offenders. Subsidies in prime neighborhoods close to downtown as high as a complete rent for the same or more space in a more remote neighborhood.
http://www.mercurynews.com/ci_27899615/soaring-rents-spark-growing-calls-rent-control
#housing