EXPOSED: Why SF's $1M Housing Units Won't Drop Prices
Description
Here we go again with another brilliant progressive solution that defies basic economics! A new San Francisco study just confirmed what anyone with common sense already knew: building more expensive housing won't magically make housing affordable. We're diving into how the "Yes In My Backyard" crowd's grand plan to solve the housing crisis with $750,000 cereal box apartments is about as effective as using a Band-Aid on a gunshot wound. When your base construction cost is three-quarters of a million dollars per unit—thanks to layers of bureaucratic red tape, sky-high labor costs, and environmental virtue signaling—how exactly does building MORE of these overpriced boxes bring prices down? The study reveals that even in the best-case scenario, all this "affordable" housing would drop rents by a whopping $125 per month. So instead of paying $3,000 for your shoebox apartment, you'd pay $2,875. What a deal! Meanwhile, taxpayers foot the bill for this economic fantasy while developers laugh all the way to the bank. Is this really the housing solution progressives have been pushing, or just another way to funnel public money to private developers? What do you think will happen when reality finally hits these policy makers? Like and subscribe if you're tired of watching your tax dollars fund these expensive experiments in economic ignorance!
United States
