California finance expert Tom Rubin analyzes MTC's proposed $10–20 bn bond measure, which would chuck some greenbacks at jurisdictions in the name of developing/preserving affordable housing. Not only does the measure lack clear performance metrics (um, are we talking 100 or 10,000 units produced?), but it neglects key market problems—suggesting instead we hand gov't (more) cash to figure everything out. An Opp Now exclusive.
Read MoreFormer SJ D10 Charter Review commissioner Tobin Gilman scrutinizes the City and County's plan to make housing more cost-effective: by raising property owners' taxes (median of $1,250/month in SJ), via a $10–20 million regional bond. Bond funding would then go to counties for “building affordable housing.” But does it really make sense, asks Gilman on Medium, to make housing less affordable for one group in order to subsidize affordable housing for another?
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