Despite massive job growth, just 25 percent of workers drove themselves in 2017.
Seattle is among the fastest growing cities in the U.S., thanks largely to Amazon’s addition of 35,000 employees since 2010. For all the economic benefits that come with growth, it has also created a variety of civic headaches, crippling traffic chief among them....More
Just wait a decade. (Unless we do something about it now.)
Actually, there’s good and bad news about the future of housing in the East Bay.
First, the bad news: Experts say there’s a possibility that the housing situation could get worse....More
The state housing department released its first list showing how many California cities and counties are meeting their local homebuilding goals.
The conclusion: More than 500 local jurisdictions — 98 percent of those in the state — are failing....More
"L.A. homeless crisis grows despite political promises, many speeches and millions of dollars. How do we fix this?"
Los Angeles Times columnist Steve Lopez roams greater L.A. with Times photographer Francine Orr and videographer Albert Lee and describes a scene of despair among the homeless…. Beginning at Central Avenue and heading west, I counted 16 tents on the south side of 5th Street. My longtime traveling companion, Times photographer Francine Orr, counted 15 tents on the north side of the street.
One block, 31 tents.
A recent article in the Daily Cal highlighted a new housing package introduced by State Sen. Scott Wiener, D-San Francisco. These policy changes include SB 827, which encourages dense housing near high-quality transit corridors by overruling some local zoning laws regarding parking requirements and building heights,...More
"Perspectives: Practitioners Weigh in on Drivers of Rising Housing Construction Costs in San Francisco"
In 2017, San Francisco had the dubious distinction of being the second most expensive city to build in – in the world. Turner and Townsend studied 43 global markets and found that New York and San Francisco topped the list of the most expensive construction markets, costing respectively an average of $354 and $330 per square foot to build....More
Less than a week after calling for a multibillion-dollar fund for infrastructure, arts and affordable housing, Sacramento Mayor Darrell Steinberg proposed Tuesday spending $21 million over the next three years to subsidize construction of hundreds of small homes to help shelter the city’s growing homeless population....More
Economists put the profession’s conventional wisdom to the test, only to discover that it’s correct.
Rent control is one of the first policies that students traditionally learn about in undergraduate economics classes. The idea is to get young people thinking about how policies intended to help the poor can backfire and hurt them instead....More
"Unpacking the Bay Area housing market: Why does the inventory keep shrinking and will prices ever (gulp) go down?"
Trulia economist tells the story behind the numbers
Bay Area housing trends are easily summarized: As the supply of available homes dries up, prices go up. It’s the law of supply and demand.
But why is the housing supply — insiders use the term “inventory” — so tight to begin with? And what can be done to expand the supply?...More