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‘It doesn’t pencil’: The brutal math of why developers won’t build in SF

Katherine Langford
Editor-in-Chief · Friday, November 6, 2026 at 2:00 PM · 1 min read
‘It doesn’t pencil’: The brutal math of why developers won’t build in SF

Rents are soaring and homes sell for millions over asking. So why can’t developers make the numbers work?

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