One current example of how California’s ruling class continues to attempt fabulously expensive, laughably feeble “solutions” to increasing the stock of “affordable housing” can be found in San Francisco’s Proposition A, “Bond Issue for Affordable Housing.” Voters will decide Prop. A’s fate on November 5.Between Mayor Garcetti and Mayor Breed the Caifornia housing crisis is solved.
One misperception regarding these bonds may be found on the proponents’ website “Yes on A,” where they claim “this $600 million bond will fund the construction of more than 2,800 affordable housing units over the next four years.” This implies a cost of $214,285 per unit. But that’s not even half the story.
World wide jubilation as millions of poor start their journey to SF and free condos.
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