From Dec 4, 2015
‘When the lights go down in The City, and the sun shines on the Bay…’ Convergence, collaboration and community? JL
Dan Kopf reports in Price Economics:
Across the entire country, the proportion of people with roommates has increased from 6.8% in 2000 to 7.7% in 2014, a 13% increase. In San Francisco, the roommate rate went from 23.3% to 28.1% in this same period, an increase of 20.6%....More
“… We need to consider new innovations and strategies to help tackle housing challenges …This report explores options that have been tested in other markets and considers how they might contribute to making more housing affordable—or rather, attainable…
Case studies are grouped into four categories: 1. Micro Living… 2. Shared Space… 3. Home Unbundling… 4. Equity Options…”...More
Newly elected California State Treasurer Fiona Ma is on a mission to support the governor’s effort to build more housing in California through the new opportunity zone program.
“The good news is … we want to fully conform with the federal government in terms of opportunity zones,” Ma said as the keynote speaker at the Opportunity Zone Expo in downtown Los Angeles.
As proposed, nearly 800 residential units could be built at the base of the West Oakland BART station, with a 30-story, 500-unit residential building rising up to 320 feet in height at the corner of 7th and Mandela, a 7-story mid-rise building with 240 below market rate units (and 22 market-rate duplexes fronting Chester), and a 100-foot-tall office building at the corner of Mandela and 5th....More
How people get to work, and the geographic distinctions between trends in those choices, reveals some of the country’s more ominous traits, including the trend Richard Florida calls “the new urban crisis.”
Richard Florida digs deeper into data recently released by the American Community Survey to make the case that how people move around cities is a key feature of the country’s “deepening economic and political fissures.”...More
A lot of start-ups have promising ideas, but the fundamental problem of affordability seems beyond their reach.
Billions have been flowing into a corner of the tech industry focused on the housing market. And now there are start-ups to help landlords manage properties, or homeowners manage sales, or tenants manage their packages....More
While Bay Area neighbors try it, the city remains reluctant
“…One development company, Panoramic Interests, has been advocating for the city to give their version of tiny homes a try to little avail.
Owner Patrick Kennedy pitched his vision of affordable housing—apartments that are modular and can stack on top of each other to fit more in one location—to SF officials in 2015. But officials denied it, as the project would involve units being built overseas (though assembled here by local workers).
“The problem with the tiny-home thing is you just can’t get the density,” Kennedy said. “Vacant land in cities is too valuable to put one-story buildings on. It’s not a long-term solution.”...More
…”“If you look at Oakland and where a substantial amount of the growth is going to occur, it’s going to happen in the center of the Bay Area, which is here,” said John Protopappas of Madison Park Financial, one of the city’s most prolific developers…”...More
"These Bay Area cities saw the biggest rental price spikes over the past 2 years — and they’re not San Francisco"
2017-2019 — Oakland sees highest rent growth of any city in the Bay Area
“… While every city saw an increase to varying degrees, Oakland, Berkeley and Menlo Park saw the largest percentage spike in rental prices since the beginning of 2017.”...More
The Bay Area would likely be denser – and a lot more urbanized.
When it comes to housing, the Bay Area is a pillar of market distortion. People gravitate to the metro because it is among America’s top economies....More