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by eldavido
2895 days ago
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This is what's happening in SF. The eastern side of the city is the high-density zone, and as prices get higher and higher, it's pushing farther west, into Cole Valley and the central Mission. What's stopping the process is (a) rent-controlled tenants occupying buildings built before the time rent control no longer applies, and (b) prop 13. Both give people very strong incentives not to move. |
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