The 3% Solution – A Response to the City’s Proposal to Add 24,000 Residents to the Peninsula at Midway.
The City Is Posed to Begin a Massive Redevelopment of the Midway District
By Michael Winn
We are told there are 550,000 homeless people in America. We’re also told of a crisis, called, “housing affordability” in urban coastal California cities. Statements of politicians of every stripe: Brown to Cox, Beane to Zapf, Faulconer to Fletcher, all assume we will address housing affordability by developing more housing. This assumption is politically motivated by a desire for endorsements from local governments and for campaign contributions from a development industry that financially benefits from development.
To mortgage lenders and property managers, “affordable” means that a household’s mortgage payment or rent amounts to no more than 28% of gross income.

















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