I'll tell you who won't pay for it: existing homeowners, because they rely on new buildings' property taxes for anything to work. And in SF, they rely on payroll taxes from high income earners.
And in SF, the "dig once" policy means that anytime something substantial is done, nearly everything is redone, which is why Van Ness has been under construction for sooooo long: utilities.
The property wealth in SF appreciates at absolutely massive rates, but they rely on poorer new entrants to fund everything. And that old property wealth is the same political power that stops the city from a accommodating new people, restricting entry to ever more wealthy new entrants.
And in SF, the "dig once" policy means that anytime something substantial is done, nearly everything is redone, which is why Van Ness has been under construction for sooooo long: utilities.
The property wealth in SF appreciates at absolutely massive rates, but they rely on poorer new entrants to fund everything. And that old property wealth is the same political power that stops the city from a accommodating new people, restricting entry to ever more wealthy new entrants.