First up, staggering ignorance of the laws of supply and demand:
QUESTION ASKED AND ANSWERED: What’s the Matter With San Francisco?
Which brings us to Fox Butterfield*, Progressive Urban Planner:
We are watching the old San Francisco slip away before our eyes. Every time a housing unit becomes vacant, it goes on the market at a price so high that no organizer, writer, teacher, activist or artist could dream of affording it. Trying things that don’t have monetary potential just isn’t possible anymore.—The Atlantic’s “City Lab” blog, in a 2005 article with an unintentionally hilarious “unexpected” dek: “The city’s devastating affordability crisis has an unlikely villain—its famed progressive politics.”
How did we get here?
Which brings us to Fox Butterfield*, Progressive Urban Planner:
“You cannot lower the cost of housing by building more. Supply creates its own demand,” said Amit Ghosh, chief planner for The City.—The San Francisco Chronicle, “Highrises called cure for city housing crunch,” March 8th, 1999. Ghosh was the chief of the San Francisco planning department from 1992 to 2008.
If more market rate dwellings are built, Ghosh predicted, “rich people living outside would want to come to San Francisco to fill them. And how does that relieve our supply problem?”
“The executive director of the Housing Authority of the City of Linden, New Jersey, for example, drew $295,000 a year for overseeing 200 government-owned housing project apartments and 350 Section 8 vouchers redeemed with private landlords,” reports Luke Rosiak of the Daily Caller News Foundation Investigative Group.
“That’s more than the same position makes in poverty-plagued Newark with 25 times as many residents, and more than the position in major cities like Washington, D.C. and Los Angeles, according to HUD’s Public Housing Authority Executive Compensation database covering 2014, the most recent available year.”
The Mabank ED’s salary is only $47,005, but then overseeing a mere 16 public housing units means the job pays nearly $3,000 per unit managed. It’s not a time-consuming job, why not have a second job? Down in Marietta, GA., the ED got $242,000 in salary, plus a $50,000 bonus!
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