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"We are definitely at the boiling point": homeless shelters, impending IPOs have driven up San Francisco




SAN FRANCISCO (AP) – San Francisco's renowned waterfront home is home to joggers, admirers and stunning country homes with sweeping views. It could also become the home of a new homeless shelter for up to 200 people. [19651011] Angry residents have grabbed public gatherings, denounced city officials and even shouted Mayor London Breed over the proposal. They say they are blind and argue with billion-dollar Twitter manager Jack Dorsey and other technical executives who support the idea of ​​city officials working to build housing in their homes.

The turmoil on the water is one of the most recent examples of disputes in an expensive city, both overwhelmed with technological wealth and passionate about social justice. San Francisco companies Pinterest and Lyft recently went public, and Uber and Slack are coming soon. They fear that freshly-stamped millionaires will snap together the few remaining homes for less than two million dollars.


Sandra Lee Fewer, city supervisor, was struggling with tears hearing about a bill to develop housing density that invited her critics to visit poor senior citizens in her district eating cat food for dinner. The opponents of the bill stood and turned their back to the supervisor Vallie Brown, who vigorously defended the legislation.

And as the city continues to struggle with housing shortages, the entire board of supervisors was roasted this month in social media because it had rejected a 63-unit housing project because it had shade in a nearby park in an area with would throw a little green space.



"We are definitely at the boiling point, whether it's the housing crisis, whether the quality of life that is exacerbated by the worst traffic congestion in America or the crisis of affordability," said supervisor Aaron Peskin.

A March New York Times story about upcoming IPOs sparked heavy activity among potential buyers and urged City Hall to seek information. All of this new wealth is impacting the gentrification and revenue of the city.

Real estate agent John Townsend had the article at hand when he showed a 139-square-meter three-bedroom condo and a bath that was priced at $ 1 .15 million. He said he had twice as much traffic over the weekend after Lyft went public in March. The apartment for which updates were required was sold above the price.

"They will have a time of unimaginable demand, not just technology, in any case, but (interest rates) that has been lowered over the past week." Said Townsend. "The real problem is that we can not even meet demand remotely."


The US $ 2 million single-family home market is crazy, especially in neighborhoods that appeal to millennials and young families, broker Monica Sagullo said.

Initial public offerings are "in the back of people's minds, and the people who need to buy are the ones who are targeting – the families who need homes, the double income," she said.

A four-person family of $ 117,400 a year is considered low-income in San Francisco, where the average selling price of a two-room room is $ 1.3 million. But every night, the city with 885,000 inhabitants has about 4,400 people who sleep unhindered in alleys and gates hidden in the Golden Gate Park.

San Francisco opened its first homeless "navigation center" in 2015 and currently operates six throughout the city. Unlike traditional animal shelters, the centers allow people to bring pets and not launch in the morning.

The planned navigation center in the Embarcadero is a key part of the mayor's election pledge to open 1,000 new guard beds by the end. It would sit in a parking lot owned by the Port of San Francisco.

Commissars will vote on Tuesday on the lease of land to the city.


After Breed's plan was announced, opponents launched a GoFundMe campaign to fight, called "Safe Embarcadero for All". Shelter supporters quickly called out the campaign on social media, and sometimes a disagreeable battle ensued. The campaign against the shelter raised $ 100,000, while the SAFER Embarcadero for ALL campaign was $ 175,000, including $ 25,000 from Twitter Dorsey and $ 10,000 each from Salesforce founders Marc Benioff and Twilio Boss Jeff Lawson.

The skyscrapers around the property are expensive. A three-bed, three-bath bath in Brannan condos was sold for nearly $ 2.5 million in February. The monthly fees are $ 1,200. In the nearby Watermark building, which has a rooftop swimming pool, a two-bath two-bath apartment was sold for over $ 1.3 million in October – also with monthly fees over $ 1,000.

"It's very hard for people who do not mind feeling the very high end of things in terms of wealth, as if they could even make it to San Francisco, or commit to being here in the long run and that causes a lot of fear, "said supervisor Matt Haney. representing the district and supporting the protection plan.

Haney, who leases a studio in the run-down Tenderloin neighborhood, has passed a law requiring that each of the 11 districts of San Francisco make room for a homeless shelter.

The proposal on the water front, including those living in the neighborhood, says the shelters are safe and the opponents are heartless. Opponents, however, say that a shelter is inappropriate in a neighborhood filled with tourists and children and not many homeless. They are worried about crime and property values, and they want to know why the navigation centers in San Francisco are not evenly distributed.

"Other people in the city who impersonate us as wealthy people who do not like the homeless, it's not 'all in all,' said Wallace Lee, a home-grown father leading the opposition. [19659011] Stacey Reynolds-Peterson has been renting a two-room sub-market apartment in a building near the proposed shelter since 1991. When the area was full of gloomy warehouses, she retired most of her income for the monthly rent due to retired disability $ 2,700 and is considering moving to the North because they can not afford San Francisco.

"We have homeless people. I see them every day, and they are nice people, but that will attract more, "she said." I loved the city and I'm proud of the city. I am not anymore. It's dirty and it's ugly. "


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