The market will start to come into an equilibrium, probably at lower rents, even without more political action.There once was a time when New York City was affordable. You didn’t have to be rich to live in Manhattan. There once was a time when San Diego was affordable. You didn’t have to live on the sidewalk.
Our city has changed its identity. It’s now an expensive city, as expensive as any. So we are never going to fix the homeless problem. It’s not fixable. It it were, it would have been fixed by now. And it’s only going to get worse. So are we going to continue to ruin our urban center by allowing tents on our sidewalks? Or are we going to require the homeless to live on the outskirts of town? They aren’t going away and “affordable housing” is just a slogan to make us believe there’s a fix.
Every new 'housing unit' adds to the use of electricity and water, where are those limited resources going come from? If all new construction can't use nat. gas, that makes the demand for electricity even greater, solar can't compensate in the winter months.