“This is what developers and some city officials see as San Francisco's future: high-rise, high-end condominiums, islands of serenity near transit corridors with ground-floor shopping and cafés. In this vision, some 40,000 new units, perhaps even more, will be built over the next 20 years, enough housing for 100,000 new residents…. But all but a fraction of those new units will be at what the city calls "market rate," meaning the very cheapest of them â€" tiny one bedrooms â€" will go for half a million dollars.â€
“It is, housing activist Calvin Welch says, a "socially psychotic plan.... We're becoming a gilded bedroom community for San Mateo and Santa Clara Counties."
"If the goal is a sustainable city, a sustainable economy," Welch argues, "then existing housing is the most valuable, existing jobs are the most valuable, and existing residents are the most valuable."
Thanks to Metropolitan Trnasportation Commission library, Oakland, CA
