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Home / Business / We are definitely at the boiling point: Homeless shel, threatening IPOs have San Francisco on the edge

We are definitely at the boiling point: Homeless shel, threatening IPOs have San Francisco on the edge




SAN FRANCISCO (AP) – San Francisco's famous waterfront host of joggers, admiring tourists and towering condos with impressive view. It can also be the place for a new homeless shelter for up to 200 people.

Undocumented residents have packed public meetings, quivering at city officials and even shouting Mayor London Breed over the proposal. They say they were blindsided and arguing for the billionaire Twitter director Jack Dorsey and other technology leaders who support the idea should switch city officials to build a shelter at their home.

The rebellion of the sea is among the last examples of battle in an expensive city that is both overwhelmed by technical wealth and passionate about social justice. The San Francisco companies Pinterest and Lyft have recently become public, and Uber and Slack are coming soon and are fearing that newly-admitted millionaires will crush the family home for under $ 2 million.


City Inspector Sandra Lee Færre fought tears on a testy hearing over a homeownership development bill, inviting his critics to visit poor elderly in her district who eats cat food for dinner. Opponents of the bill turned their backs on Supervisor Vallie Brown, who strongly defended the law.

And as the city continues to seize a housing shortage, the entire supervisory board was roasted on social media this month to reject a 63-year housing project because it would cast shadows over a nearby park in a low-green area.



"We are definitely at the boil, whether it is the housing crisis, whether it is quality of life, which is exacerbated by the worst traffic burden in America, or the affordability crisis," said Supervisor Aaron Peskin.

A March New York Times story of upcoming listed organizations discourages frenetic activity among potential homebuyers and a call from City Hall for a hearing on how all new wealth will affect gentrification and city revenues.

Real estate agent John Townsend had the article at hand when he showed an apartment of 1500 square meters (139 square meters) .15 million. He said he had double the traffic this weekend after the riding company Lyft was published in March. The condo, which needed updates, sold over asking price.

"You're going to have a period of incredible demand, not just from technology, in any way, but by (interest rates) lowered in the past week," Townsend said. "The real problem is we can't even meet the demand remotely."


The single-family home market below $ 2 million goes nuts, especially in neighborhoods that are attractive for millennia and young families, says realtor Monica Sagullo.

The IPOs are "in the back of people's minds, and the people who have to buy are the ones who go after it – the families who need houses, the dual revenue," she said.

A family of four servants $ 117,400 a year is considered low income in San Francisco, where the median sales price of a two-bedroom is $ 1.3 million. Yet, every night, the city of 885,000 also has about 4,400 people sleeping unobstructed, in alleyways and doorways, and tucked away in Golden Gate Park.

San Francisco opened its first homeless "navigation center" in 2015 and is currently running six throughout the city. Unlike traditional light sources, the centers allow people to bring pets and not kick them out in the morning.

The proposed navigation center in the Embarcadero is a critical part of the Mayor's promise to open 1000 new light beds by the end of 2020. It would be in a parking lot owned by the San Francisco port.

Commissioners are planning to vote on Tuesday to rent the country to the city.


After the Breed's plan was announced, the opponents started a GoFundMe campaign to fight it, called "Safe Embarcadero for All." Shelter supporters quickly phoned the campaign on social media, and a sometimes nasty match occurred. The campaign against the light has increased $ 100,000, while the campaign for it, called "SAFER Embarcadero for ALL", is $ 175,000, including $ 25,000 from Twitter's Dorsey and $ 10,000 each from Salesforce founder Marc Benioff and Twilio's CEO Jeff Lawson.

The high-rise buildings that surround a lot are expensive. A three-bed, three-bath in The Brannan condo towers sold for nearly $ 2.5 million in February; Monthly fees are $ 1,200. In the nearby Watermark building, which has a rooftop pool, sold a two-bed, two-bath condo for over $ 1.3 million in October – also with monthly fees over $ 1,000. [19659011] "It is very difficult for people who are not at the very high end of things, in terms of wealth, to feel they can do it themselves in San Francisco, or own or commit in the long term to be here, and it creates a lot of anxiety, says tutor Matt Haney, who represents the district and supports the shelter plan.

Haney, who hires a studio in the fake Tenderloin area, has introduced legislation requiring each of San Francisco's 11 districts to accommodate a homeless shelter.

Many supporters of the waterfront proposal, including those living in the neighborhood, say that the shelter is safe and opponents are heartless, but the opponents say a shelter is inappropriate in a neighborhood filled with tourists and children, and not many homeless cares about crime and property values ​​and wants to know why the navigation centers are not evenly distributed around San Francisco.

"Other people in the city throw us as wealthy people who do not like to see the homeless population, it is not true at all," said Wallace Lee, a home-at-home dad who heads the opposition.

Stacey Reynolds-Peterson has rented a two-bedroom submarket unit in a building near the proposed light since 1991, when the area was full of gloomy warehouses. Retired due to disability, she earns most of her income against $ 2,700 monthly rentals, and is considering moving north because she cannot afford San Francisco.

"We have homeless people. I see them every day, and they are nice people, but this is going to attract more," she said. "I used to love the city and be proud of the city. Now I am no longer. It is dirty and it is ugly."


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