San Francisco Examiner – OpEd by Leslie Dreyer, Joseph Smooke and Sarah Sherburn-Zimmer / July 20, 2017
Your platform, which relies on the filtering theory, states, “Today’s new, expensive housing becomes tomorrow’s inexpensive housing.” This theory doesn’t hold true for San Francisco, nor likely any other city strangled by the current global speculative market. When the California Legislative Analyst’s Office misused UC Berkeley’s Urban Displacement Project data to advocate for the construction of market-rate housing as an anti-displacement tool, the researchers responded, in summary, by saying:
- Producing tons of market-rate units to lower rents may take generations and may never actually work to relieve displacement pressures.
- Subsidized units for low-income folks have more than twice the impact on reducing displacement pressures…