Chart of the Day: 200% of area median income (AMI) needed to afford SF market rent, affordable housing caps are 55% / 150% AMI

[Alfred]

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[Starchild]

Agree with the second sentence Alfred. The first sentence is more problematic. 

It's great when housing is affordable. But it's not so great, in my opinion, when housing is made unaffordable by government land use regulations, other regulations, and taxes, and then the entity that created this problem tries to "solve" it by using money stolen from the public, including poor people, to try to make that unaffordable housing affordable for the few who get helped at the expense of the many. 

"Affordable housing" is even worse when it involves subsidizing middle class people to enable them to move into presumably nicer apartments, while leaving many poor people unable to afford even basic housing. The whole concept of providing housing welfare to moderate income people (aka "Moderate Income affordable housing" in the graph Alfred posted) when large numbers of poor people remain homeless is morally bankrupt! I believe it represents a cynical bid to win more political support for subsidies by diverting resources from the neediest members of society in order to increase the number of people potentially eligible for subsidies.

Love & Liberty,

                             ((( starchild )))

On Sep 20, 2016, at 11:53 AM, Alfred wrote:

[Scott Feeney]

Awesome chart, Alfred. Did you make it? May I share it?

[Alfred]

Yes and yes

On Tue, Sep 20, 2016 at 4:45 PM, Scott Feeney <sc...@oceanbase.org> wrote:

Awesome chart, Alfred. Did you make it? May I share it?

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[Scott Feeney]

Where'd the $216219 figure come from? That seems to work out to $5400/month for a 2 bedroom. Which might be accurate for brand new construction in South Beach/SoMa but is too high to be the citywide median.

Also, under inclusionary requirements doesn't the "moderate income" bracket top out at 120% AMI, not 150%?