of a luxury price, you create a
need for affordable housing
because of the extra goods and
services that the occupants of
these units are going to demand.
by building more luxury units,
and by the way, there are 1300
of them in the pipeline right
now, you are creating additional
pressures on the demand for
housing in san francisco.
what we need to do is we need to
set it right.
we need to figure out strategy
so we can build housing that
teachers can live in.
>> let me give sonia a chance to
respond.
>> teachers and police officers
don't qualify for affordable
housing because they make too
much.
the place middle income people
live is go back in time 20 years
and build something 20 years ago
and wait.
we have a problem now, 20 years
ago, 15 years ago, eight years
ago five years ago we weren't
moving.
anyone that lived through the
2008 bubble and recession knows
that financing for housing comes
in the country in waves.