Maybe. Or maybe the answer does not lie in more regulation.I am in the opinion that there's something seriously wrong with the housing market in SF, when $117k annual income is considered poverty line for a family of 4
So, doing the math of 40hrs/wk and 48wk/yr, the family would need to earn $61/hr, among 4 persons. $30.5/hr if two of them are not working, $15.25/hr if all of them are working.
And since this must be the poverty line, that must mean that over 90% of that annual income must go towards bills and taxes.
Maybe the answer is not so much taxing the rich or subsidies for the homeless, but clamping down on the housing market?