May 9, 2007
Day Around The Bay
--The SF Board of Supes has imposed a moratorium on SoMa studio condo construction.
--The Bay Area author of "Searching for Your G-Spot" was attacked by a shark in Maui.
--Gavin Newsom's sneak-announced Fifth Fake Question Time this Saturday, in West Portal and on the topics of public works. "They're for your wife."
--MUNI officials meet about the troubled T-Third.
--The Newsom administration is forcing KFOG to charge for the KaBoom fireworks festival this year for the first time ever.
--Someone's snatching purses at trendy restaurants all over town.
--The guy who bought the Dukes of Hazzard car on eBay is now refusing to pay. The seller acknowledges that he noticed the buyer had bad feedback scores but said he didn't think someone would cheat on the General Lee.
Picture of a banner on 18th and Valencia, decrying "ugly expensive 5 story condos," by SFist MattyMatt.
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I can't believe anyone in a 3 story building would complain about a 5 story building. Two more floors will destroy your neighborhood? You live in a frickin city, not the boondocks. Get used to height or leave.
5 stories is not that bad, but why would a neighborhood want million dollar condos that nobody in the neighborhood and probably nobody anyone in the neighborhood knows can afford?
I'm not sure that these monstrosities following in the path of Rincon are a good idea either. What kind of city will SF be when its cold and the majority of the built environment is dominated by luxury condo pied a terres for absentee millionaires?
Similar with SRO in SOMA. Many, myself included, thought that smaller units would equate to lower price. But it turns out that SRO housing, 350ft2 units for which a skylight can pass as the only windows, goes for between $1000 and $1200 per ft2 compared to $800-$1000 for a 1br condo.
-marc
Because whoever moves into those new condos won't be living into a neighboring apartment instead, so that neighboring apartment will be available for somebody else. Increased supply at the same demand means lower price.