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July 25, 2006

San Francisco's Board of Supervisors Puts Screws to Housing Developers

Not content to socialize medicine, the moonbats mismanaging San Francisco have set their sights on housing development.

Due to increased demand for housing in the Bay Area, prices have gone up, and this is fueling a huge construction boom that would soon solve the housing shortage, absent government interference. The problem is, this capitalistic process works without coercion, and is therefore totally unacceptable to the Marxists on San Fran's Board of Supervisors.

Their response to all this economic freedom is ever more draconian "inclusionary housing rules." Now when developers attempt to meet the housing need, 15% of the units they build must be rented or sold at below-market values. They can build the below-market units off site, but then the minimum is 20%, and the units can't be more than a mile away from the for-profit development. Otherwise low-income people might have to live in low-income neighborhoods.

Oh, there's another option: cough up a fee and the city will let you go about your business relatively unmolested. In law enforcement circles, this is known as "extortion."

Obviously by forcing developers to build units they will lose money on, SF's politburo is cutting into their profits, which will raise rents for normal people and slow down the building boom, thus preventing the free market from solving the housing problem. It will also result in people who work hard to pay the rent on a nice place having to share their buildings with low-class freeloaders who throw their empty beer cans in the pool. But the Board of Supervisors can take pride in the fact that their city remains at the vanguard of moonbattery.

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A cloud of moonbattery continues to descend on San Francisco.

Posted by Van Helsing at July 25, 2006 11:55 AM

Comments

Always the same illusions. So many ways to say it.

#1 Those who choose reduced conditions to avoid work will choose to work if they are given better conditions.

#2 Desirable things with low prices will go to the poor, not to government insiders.

#3 Society is more civil and content when producers are forced to share.

Posted by: K at July 25, 2006 12:35 PM

"Board of Supervisors can take pride in the fact that their city remains at the vanguard of moonbattery."

At least until the BIG ONE hits, reducing the Left Coast to rubble.

Posted by: General Jack D. Ripper at July 25, 2006 1:16 PM

Thinking like a developer, if "market value" means the average value/rent of all homes, then by definition 50% of all homes are below the average (market value). Sounds like a no-brainer to work around. Of course, the marxist Board of Supervisors probably fixes the "market value". I wonder if there's a developer on the Board of Supervisors. If so, isn't price-fixing illegal under anti-trust laws?

Posted by: the paperboy at July 25, 2006 3:35 PM

paperboy: Price fixing is illegal among competing businesses.

No entity is competing with the SF Supervisors. And they are not a business anyway.

Posted by: K at July 25, 2006 4:22 PM

“Give a man a free house and he’ll bust out the windows.” - “Government Cheese,” by The Rainmakers.

Posted by: V the K at July 25, 2006 4:32 PM

Screw SF. They deserve every moonbat idea they come up with. Bill O'Reilly was right, they can go it alone.

Posted by: Steve at July 25, 2006 4:48 PM

How many bathhouses do the Supervisors mandate be built?

Just askin'.

Posted by: Jay Guevara at July 25, 2006 5:46 PM

Jay, that was funny.

Posted by: Steve at July 25, 2006 6:10 PM

I heard they implemented a new protruding colon tax to pay for these new programs. The coffers are overflowing.

Posted by: Tomslick at July 26, 2006 8:51 AM