San Francisco analysis says deep Muni cuts could weigh on home prices
San Francisco home values could fall if voters reject Proposition H and major Muni service cuts begin next year, according to a city controller’s office analysis.
The review looked at possible reductions tied to a $307 million annual shortfall at the San Francisco Municipal Transportation Agency. Officials are weighing a scenario that would eliminate 19 bus lines and one streetcar route, halt cable car service, and reduce frequency on busy bus and Muni Metro lines.
The analysis found average citywide home prices could drop by as much as 0.9%, or about $14,100, if the cuts take effect. By comparison, the average owner of a single-family home or condominium would pay $129 a year if Proposition H passes. The report also said weaker transit service would add more than 15,000 hours of trip delays each weekday and could make commuting, shopping and leisure trips less attractive across the city.
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