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
Seattle is building more apartments than just about anywhere, and now 1 in 10 units across the city are sitting empty. Landlords have responded by lowering rents slightly and offering more perks to get tenants in the door....More