The Insane Battle To Sabotage a New Apartment Building Explains San Francisco's Housing Crisis

I applied to the city in early 2014 to turn my coin-operated laundry into housing. We sit at ground zero of anti-gentrification in San Francisco. No monsters in the Mission! Getting this property approved has so far taken longer than it took the United States to win World War 2. I’ve spent $1.2 million. Whose city? Our city! The Board of Supervisors denied the project because it cast a partial shadow on an adjacent schoolyard. If you’re wondering why housing in San Francisco is expensive, they make it expensive here. It is intentional. Sky-high rents in San Francisco... They pay $7000 a month... ...a 54% rent increase It’s just been such a steady climb... ...dramatically in the last 5 to 10 years It’s astounding... A sky-high new record... A once working class neighborhood transformed... San Francisco has become the most expensive city to live in in the nation. As its population has boomed over the past few decades, developers have found it almost impossible to build new housing. The story of one small developer, in particular, shines a light on what’s gone wrong in the Golden Gate City. San Francisco is the worst place in the country to try to do development, and the Mission is the worst place in San Francisco.

Channel: ReasonTV

Views: 1,501,820

Keywords: libertarian, Reason magazine, reason.com, reason.tv, reasontv

Id: ExgxwKnH8y4

Length: 14min 43sec (883 seconds)

Published: Thu Dec 27 2018