Tell HN: Why homelessness in San Francisco is permanent
I've just found out why homelessness is basically a permanent or decades-long affair in SF: the city has outrageously costly rental rights bundled in a 28-day (or more) purchase of a basic roof over one's head. Thus the market cannot provide bulk discounts >27d (the payment schedule makes no difference), and in practice it gives a 7d max discount, which is lol.. 15% off daily rates? (How much can a 7d discount go?)
Thus the price one pays for lacking upfront loans for Long '[1]' rent: a mere haircut off daily rates (until one can afford them no longer).
Just saved the city $0.5b [2] on research.
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[1]: long enough to divide out that outrageous bundle to workable rates.
[2]: though entrenched greed means perfectly zero chance for the $ to be directed to people with lived knowledge, so more like 0.5b, annually, to keep the show going until appetite changes (then 0.8b/yr).
[3]: Solution: bundle-in minimum rental rights instead of maximum; and stagger as much as possible, like someone who has lived in a house for 7 years needing more guardrails than someone 7 weeks.
4 comments
[ 3.8 ms ] story [ 21.7 ms ] threadAlso it seems you meant to link to something but never did.
- (re "also"; no the text's complete)
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[1] ain't even laughing; and here comes (equally half-thought and vague) another "can"
[2] Everyone else is secretly hoping you don't make it for there's no money in it; and if godforbid you made it pls die Asap without hogging the ambulance and whatnot, just because we didn't give you loans doesn't mean that the senior housing is free.
- re "can/want"; Is the self-serving "homeless wants to be homeless doh" feelgood from the fiction or nonfiction bookshelf? To state the obvious fact: all homeless want (loans for) housing. All. And not a single one can.