Based on a preliminary election day tally of 115,265 votes, which represents 23.28 percent of a potential 495,050 votes which could have been cast in San Francisco, here are the likely results for the two real estate related ballot measures we’re tracking:
Proposition A (Issuance of a $600 Million Affordable Housing Bond): 69% YES / 31% NO
Proposition E (Expedited Approval for Affordable Housing Projects on Public Lands): 74% YES / 26% NO
And as always, regardless of how you voted, thank you to those who did.
UPDATE: While we’re not expecting the results for the two measures above to change, according to the Department of Elections, there are an estimated 70,000 ballots left to be counted, including 57,000 vote-by-mail ballots and 13,000 which were cast provisionally, which would yield a total voter turnout of around 37.4 percent versus 74.5 percent in last November’s mid-term election and 80.7 percent in November of 2016.
It would be news if a bond measure did NOT pass in SF. But renters are happy to jack up other people’s property taxes.
Renters are what make the SF economy so friggin’ strong.
You mean renters, who pay $800/mo and make $100,000/yr, and are subsided by landlords, have plenty of disposable income to purchase $7 lattes and $10 avocado toast. Yes, you are right they make the “economy” strong.
Username checks out. Very few people fit in the category you’re describing.
If you’re a landlord and you purchased a building subject to rent control, the price you paid to acquire it reflects the rents producing the associated income stream. The way you get out of being a landlord who is “subsidizing” six-figure-earning tenants who then use their disposable income to enjoy expensive espresso-based drinks and avocado toast is to buy a market-rate building.
“renters” are a diverse group
And landlords would love it for the housing crisis to continue unabated. It would appear that people sometimes vote in their own best interests.
You can resolve this issue very easily by selling all your property and becoming a renter!
UPDATE: While we’re not expecting the results for the two measures above to change, according to the Department of Elections, there are an estimated 70,000 ballots left to be counted, including 57,000 vote-by-mail ballots and 13,000 which were cast provisionally, which would yield a total voter turnout of around 37.4 percent versus 74.5 percent last November and 80.7 percent in November of 2016.
UPDATE: With nearly every ballot counted, the total voter turnout appears to have landed at 41.6 percent, with both Proposition A and Proposition E having passed with slightly higher margins than preliminary reported above (71.2% YES and 76.3% YES respectively).