There’s no good alternative to building more homes in expensive cities

People can live elsewhere instead, but we’ll all be poorer if they do.

The sweeping land use reform bill introduced recently by California state Sen. Scott Weiner, a San Francisco Democrat, died in committee this week, bringing to an end an ambitious plan to change zoning in broad swaths of the state by allowing four- to five-story buildings near all rail transit stations and major bus corridors.

Can Big Tech Be Tamed?

As the tech industry grows to unfathomable proportions, San Francisco needs to grow to match it. A call to arms for a city under siege.

…Because it has suppressed the construction of new market-rate housing for decades (between 1980 and 2014, San Francisco grew by more than 170,000 residents but gained only 70,000 housing units), the city bears as much responsibility for the crisis it now finds itself in as the tech industry does.

But it has a chance to make up for its past mistakes, and in the process ensure that this doesn’t become a schizoid city, with subsidized housing on one side of the street and millionaires’ mansions on the other.

To do so, it needs to start building housing—a lot of it. Ironically, the best way to preserve San Francisco will be to change it.