2019March
"Gov. Newsom: Opportunity zone program can help spur real estate investment"
“The program has already drawn investors to distressed areas of the Bay Area.
In Oakland, developer Patrick Kennedy is proposing 1,000 plus homes next to the West Oakland BART station. Once the area was deemed an opportunity zone, he was able to tap into capital that otherwise wouldn’t have been interested, he told the Business Times in November.
“It’s… a way to persuade the haves to invest in an area with the have-nots in a way that benefits everybody,” Kennedy said at the time.”
...More"San Francisco rents declared highest worldwide—again"
SF’s $3,690 median rent on a one-bedroom apartment is global peak
In mid-2018, an analysis that deemed San Francisco’s rents the highest in the world made international headlines. While the claim wasn’t entirely accurate, it provided a vivid illustration of how much market-rate rents have expanded in SF.
...More"San Francisco rent hits new high at $3,690, most expensive in US"
SAN FRANCISCO (KRON) – Welcome to the Bay Area — where you (mostly, your rent) can only go up from here!
If you thought rent in San Francisco couldn’t get any higher — you were very wrong.
Apparently San Francisco rent has reached a new peak of $3,690, according to home and apartment rental app Zumper.
...More"The Economic Implications of Housing Supply"
Winter 2018
“…San Francisco represents the third type of housing market in which the price of housing is considerably above the minimum profitable production cost…”
...More"Oregon’s new rent control law is only a band-aid on the state’s housing woes"
“…THE U.S. HAS TWO HOUSING AFFORDABILITY PROBLEMS. RENT CONTROL WON’T FIX EITHER OF THEM.
The first affordability problem is that the nation’s poorest 20 percent have too little income to afford minimum quality housing without receiving subsidies. That’s not a failure of housing markets, …
The second, more challenging affordability problem is that over the past 40 years, the U.S. hasn’t built enough housing in the locations where people most want to live…”
...More
