Tara Lorne

Commercial Real Estate @presidiosf

[Tara Lorne @LorneTara]

Live from West Marin: Stinson lost to Bolinas again.. Will try again next year 😅

[Tara Lorne @LorneTara]

Live from West Marin: Stinson lost the tug of war…again
I was 8 the last time we won, maybe next year 😂

[Tara Lorne @LorneTara]

Please someone send Dr Miller to sf. The sidewalks are diabolical. I’ve called and emailed every department relentlessly to get them fixed in Noe. The stretch alongside my bldg is hanging on by a thread

[Virginia Political Memes @VApoliticalmeme]

Danville, VA councilman Dr. Gary Miller has gone viral on Instagram and TikTok (nearly 5 million views) with his promise to build more sidewalks. Good governance works!

[Armand Domalewski @ArmandDoma]

whenever i tell anyone who lives in a place that didn't vote 85%+ against Trump that there are quite a lot of people in SF who think we are actually a deeply right wing city they genuinely look at me like i'm on drugs and honestly i always feel like i am when i contemplate it

[Armand Domalewski @ArmandDoma]

it's "dark money" if it supports pro-housing candidates but good wholesome money if it supports anti-housing candidates

[Tara Lorne @LorneTara]

@mateosfo They really stretch the word luxury. It’s just NEW. His whole argument would fall apart if described correctly

[carolynwilsonbennett @carolynwilsonSF]

Before 2020 I thought the price of living in SF was bad schools & ineffective government.

The people who stayed when SF shut down in 2020 were the ones who cared. We went from apathy to awareness to action.

It’s not dark 💰 or astroturf. It’s sanity.

[Tara Lorne @LorneTara]

@allgarbled The trust is adding 196 new units of housing in 2027. Highly recommend reading the Trust Act for anyone interested in how the park operates!

[Tara Lorne @LorneTara]

@maxdubler Plus we’re adding 196 new units to the park in 2027!

[Anthony Lazarus @Sr_Lazarus]

#SF's don't-build NIMBY ideologues have run their districts into a dead end

[Tara Lorne @LorneTara]

@Sr_Lazarus @96hoya Bring back citywide supervisors

[Zach Abrams @zcabrams]

imagine living in LA right now. it must feel helpless.

SF was bad. but we forced change. school board recall in 2022, chesa recall, lurie as mayor. now it feels like a different city.

[Tara Lorne @LorneTara]

@justbeink There was a huge line for the bape store today, hopefully more stores come back to the area

[Tara Lorne @LorneTara]

@rohindhar I use that line in the presidio constantly. Who needs ac?!

[Moses Kagan @moseskagan]

Unreal how many people think they know my national political views based on my posts about local LA politics.

For the record: I have yet to vote for a Republican in a single presidential election. And I advocated against voting for the current president, under my own name, when doing so caused risk for my business.

Voters' habit of conflating local and national politics is a big reason LA is in the mess we're in, bc it allows local Ds to sidestep accountability for the objectively terrible state of the city.

[Tara Lorne @LorneTara]

@daniel_w_owens What a mess. I live in Noe and could name 20+ ‘historic’ buildings that are in complete disrepair- adding more regulations will kill any chance to renovate properly and improve housing

[Armand Domalewski @ArmandDoma]

something like 99%+ of economists agree that building market rate housing reduces rents. Connie Chan's views on housing are equivalent to believing the world is flat

vote @Scott_Wiener

[Kim-Mai Cutler @kimmaicutler]

I don’t understand this mindset. I’m third generation Bay Area.

Every day, I wake up and think the Bay Area is so great.

How can we build more houses here? How can families have more kids? How can more people move here from all over America and the world to build more cool, world-changing shit?

[Tara Lorne @LorneTara]

Grab your puffer coats, summer has arrived

[Spencer @spencercamp]

The people advocating for “inclusionary housing” are the direct cause of the housing crisis. They’ve created the restrictions that have driven out private developers that build at no cost to taxpayers. So the government needs to step in to issue debt to build a small amount of housing at full-price to taxpayers.

If you want to change things:
• Stop inclusionary zoning
• Make rent control means tested for those under a certain income limit
• Protect landlords and tenants equally, ensuring fairness rather than favoritism

[Andrew Jeffery @credealjunkie]

San Francisco did this, here’s how it went.

In 2014 SF launched the “small sites” program for housing non-profits to buy existing rent control buildings and make the Affordable (capital A).

For a few years city-funded groups like MEDA in the Mission, and similar ones in Chinatown and the Tenderloin were active buyers in the market paying top-dollar prices because, no profit motive.

Then in 2019 the city implemented COPA which gave non-profits the right of first refusal on all SF apartment sales.

It’s been an absolute nothing burger because city funding ran out when they realized these groups don’t actually know how to operate housing, the funding models couldn’t support maintenance and basic upkeep, and the properties began to fall into disrepair.

I’ve seen the financials - these are effectively financed with 100% debt and the property tax exemption is eaten up by bloated staffing and inefficient operations.

There were even cases where tenants formed unions to block the purchase by these nonprofits - they had heard the stories.

Now there is no COPA money so the first look period is just broker paperwork, and the nonprofits are starting to unload buildings they can’t afford to maintain.

Earlier this month MEDA announced layoffs and pay cuts to the remaining staff. Word is, their portfolio is on the block.

It’s a nice sounding idea - tenants looked after by their benevolent government and nonprofit sector protectors.

But it doesn’t work.

Turns out old buildings in high cost cities are expensive and hard to operate, and unless there’s an incentive to run them professionally and for a profit, they’ll eventually be run into the ground - and tenants are the ones who suffer.