“Yesterday, San Francisco voters handily voted in favor of Measure B. That’s a ballot initiative that will make it more difficult to construct tall buildings on the San Francisco waterfront by requiring buildings over a certain size to obtain voter approval via referendum. Thanks to the miraculous technology of the elevator, it is perfectly possible for lots of people to live and work in a small geographical area via the mechanism of tall buildings. But when tall buildings are banned, space becomes scarcer. And when space is scarce, the tendency is that the richest people around will be the ones who are able to bid for it.”
http://www.vox.com/2014/6/4/5778696/measure-b-san-francisco-will-reduce-affordability
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