San Francisco election fails to end affordable housing angst
SAN FRANCISCO (AP) — San Francisco voters overwhelmingly approved a $310 million bond for affordable housing this week, acknowledging all is not well in the city marked by skyrocketing rents driven by high-paid tech workers.
[...] except for the bond, the election did little to clarify the direction San Francisco will head concerning its hot-button issues of housing and growth.
Long known as a diverse city that provided shelter to people of all incomes, the tech boom has turned San Francisco into a place where newcomers pay well over $3,000 for a modest one-bedroom apartment, while long-time tenants battle evictions intended to make way for new upscale housing.
San Francisco-based Airbnb spent more than $8.3 million to defeat the measure, drawing national attention to the rentals that some say are whittling even deeper into the availability of affordable housing.