Too many Californians want to ignore the cause of homelessness; the answer is obvious in the Bay Area
Homelessness arises from a lack of homes. That conclusion of a recent UCLA study would seem intuitive, given that lacking a home and being homeless are one and the same. But the connection between the state’s gaping housing shortage and its spreading homelessness still strikes too many Californians as a great controversy requiring endless debate....More
The rising cost of housing in many American cities has led to an affordability crisis for residents who find themselves either rent burdened or living with roommates out of necessity rather than preference. Single-room occupancy housing (SROs), commonly understood as smaller-than-average studio apartments sharing common kitchen or bathroom facilities, may offer a tool for increasing the supply of affordable housing and reducing homelessness in high-cost markets. Unlike apartments shared by roommates, each SRO unit is individually leased....More
It is a great time for anyone looking to rent an apartment: vacancy rates are rising and there are little or no rent increases in many major cities.
For landlords, though, the U.S. apartment market suffered its worst spring since 2010, near the depths of the housing crisis. Driving this dynamic is a flood of new apartments and weakening demand....More
Sky-high housing costs are a significant factor behind California’s homeless crisis, according to a new analysis from UCLA.
In a study contained in the latest UCLA Anderson Forecast, released Wednesday, UCLA found that higher median rent and home prices are strongly correlated with more people living on the streets or in shelters. The research backs other studies that have found a similar relationship....More
Panoramic Interests recently broke ground on a new $100 million, SoMa apartment building at the corner of 12th and Harrison streets in San Francisco.
The development firm, known for its micro and efficient floorplans, has nearly 300 units under construction in San Francisco and Berkeley and is close to leasing all the units to what’s become the firm’s go-to tenants: college students....More