Founders and investors who moved to Miami and elsewhere are returning to a boom in artificial intelligence and an abundance of tech talent
Thanks to soaring housing prices, the era of the 400-square-foot subdivision house is upon us.
UC Berkeley has more than 45,000 students and has forecast adding 8,500 more in the next 12 years …
Urban fabric is to humans what water is to fish.
If it’s not dead already, San Francisco’s brand is clearly on life support. It happened because officials allowed 4,400 people to destroy it. That’s the number of unsheltered people in the city’s official 2022 point-in-time count, and they have essentially held the city’s reputation hostage.
The city maintains 907 permanent supportive housing units in buildings such as City Gardens that are dedicated for families. The city also offers more than 1,400 temporary or permanent housing vouchers and rental subsidies for families, according to the latest data from the Department of Homelessness and Supportive Housing.
Homelessness is an American tragedy, but it’s not hopeless. In a recent column, I explored how Houston has become a national model by reducing homelessness by more than 60 percent.
H e called this correction in the housing market both “real” and “healthy”; he spoke about normalcy returning in 1-2 years; and he posited that the market will be “crazy” when it does return because of a supply deficit.
We have a great new MRU video on housing and why it’s so expensive in many dynamic cities.
That said, in certain places land will become much more valuable, as companies choose to locate near AI centers to access the labor markets for AI researchers, or to learn about AI from the industry’s leading actors. I predict a major real estate comeback for San Francisco and nearby environs, and probably gains for Manhattan as well.