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Why building moratoriums won't solve San Francisco's housing crisis

Why building moratoriums won't solve San Francisco's housing crisis

We all know that San Francisco is booming, but it's still stunning to see the numbers. According to the Census Bureau, in just 20 years, from 1995 to 2015, the city added 100,000 people for a total population of almost 850,000. For comparison's sake, Washington, D.C. — another boomtown — added 78,000 people over the same period. More dramatic is the growth of the labor force, which increased 25% over the last five years. For the overall economy, this is good. Population growth fuels jobs and opportunity. But not everyone benefits equally. The working-class residents of San Francisco are straining under the weight of explosive housing costs. Taking into account...

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