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....More
Okay, so small lot sizes seem to help. But what else is needed? Is there a world where this is possible anywhere in the West? It’s probably hard to imagine. Conventional real estate wisdom would tell you that multi-storey retail buildings don’t work....More
San Francisco’s South of Market neighborhood witnessed a significant milestone last week when the City Gardens affordable housing complex officially opened its doors. This
develop1nent, located at 333 12th St., will offer 200 new units for needy families.
Priya Living, a senior living company that is steeped in Indian culture, began with a small footprint in California and now has expansion plans in the U.S. and India....More
The University of California, Berkeley, has unveiled an ambitious plan to establish an “innovation zone” in downtown Berkeley, further solidifying its reputation as a leading hub for scientific research and development in its hometown....More
Four UC-owned buildings, including two city landmarks, would be knocked down to make way for the research complex....More
San Francisco firm Panoramic Interests designed a self-contained, stackable tiny apartment. Its MicroPAD modular homes boast a total floor space of just 160 square feet, including a kitchenette, sleeping area and bathroom. The popular solution now includes 15 projects and more than 1,000 housing units....More
From farmers markets to trivia nights, we put together a roundup of events and activities held regularly in Berkeley....More
A new housing development outside Phoenix is looking towards European cities for inspiration and shutting out the cars. So far residents love it...More
An ambitious plan to turn a parking lot next to the West Oakland BART station into 1,032 apartments is on life support after its developer lost the property to foreclosure last week....More
Here’s why downtown Berkeley is faring better than other cities....More
Karikó, a molecular biologist, and Weissman, an immunologist, realized during a chance encounter at a University of Pennsylvania photocopy machine in the 1990s that they could combine their work to explore how messenger RNA might produce effective drugs or vaccines....More
The recent groundbreaking event for the Step Up Housing Program is the latest milestone in BOSS’ efforts to expand affordable housing for community members in need. Once complete, Step Up will provide 39 new affordable housing units for unhoused community members, with on-site services to support housing retention, long-term health and wellness, and social and community engagement....More
"This is one of the most resilient real estate areas, according to the world’s largest commercial property owner"
Blackstone, the biggest owner of commercial real estate in the world, is placing its bets on the student housing rental market as demand surges worldwide....More
The project, delayed three years, is expected to open its doors by the end of summer 2024....More
The 207-unit project at the corner of University and California Street will include 21 affordable apartments....More
"oWow, developer of downtown Oakland’s sole post-pandemic apartment tower, is building something ‘fundamentally different’"
1510 Webster is the only major residential project that has broken ground in downtown Oakland since Covid began. In a changed economy — and a changed city — oWow’s Andy Ball says the firm has figured out how to make the math behind going vertical work....More
The Federal Reserve’s interest rate hikes are cooling the housing market. The average 30-year mortgage rate is up to 7.5%, the highest since 2000....More
An emergency proclamation by Gov. Josh Green offers developers the opportunity to route around almost all regulations on building homes....More
“We thought of San Francisco because the community here is just unmatched,” said Hoover, citing the events, networking and fundraising opportunities in the city’s booming AI industry....More
Kennedy said that even if buildings aren’t entirely prefab modular, there is room for prefabrication of certain components to find more efficiencies....More
San Francisco is at a pivotal moment....More
"New Glut City The city’s mega-office landlords are panicking, pivoting, and shedding what’s worthless. One opens his books."
Every time the real-estate market crashes, people say, “This time is different.” When there’s distress all around, it’s hard to grasp how there could ever be an upside....More
Many cities are touting the benefits of converting offices to housing to reinvigorate downtowns....More
Rents for student housing are poised to grow, with strong demand at many colleges...More
The sharing economy has come to apartment buildings — and landlords have discovered a new way to attract tenants....More
Making the rounds through Houston’s homeless encampments as an outreach specialist for a local nonprofit group, he offers snacks, builds trust, and puts people on a waitlist for affordable housing. On good days he gets to tell them they’re moving into a home....More
Panoramic Interests has shared new renderings with YIMBY for the 17-story residential tower expected to rise at 2274 Shattuck Avenue in Downtown Berkeley, Alameda County....More
New York is undergoing a metamorphosis from a city dedicated to productivity to one built around pleasure....More
The NIMBY mindset persists in the face of evidence....More
San Francisco Mayor Unveils Plan to Halve Homelessness Within 5 Years...More
The Shattuck of today is such a vibrant, fun place; more lively than ever before…I really like the work of Trachtenberg Architects who are making some of the most creative facades for their apartment complexes....More
It is a humbling experience to try to learn any new skill as an adult. But there is a particular humiliation in learning to ride a bike. Not only because biking is something everyone already assumes you know how to do and the quintessential skill you never forget....More
In a recent article in The New York Times, Anna Kodé lamented the blandness of multifamily architecture in the U.S. and posited several theories for this disappointment.
The root cause of the banality is quite simple. The answer is something that, once seen, cannot be unseen: stairs....More
The No. 1 place for startup innovation fueled by venture capital in the United States and the world by a huge margin is the San Francisco Bay Area. There’s not even a place that comes close. And when I say the Bay Area, I mean San Francisco proper, Oakland and the East Bay, and the Silicon Valley....More
A California appeals court ruled Friday that a $312 million plan to turn Berkeley’s historic People’s Park into housing for about 1,100 students and more than 100 of the homeless people who regularly camp on the 2.8-acre site fails to address environmental concerns surrounding the proposed construction projects....More
From Oct 2022
Bobby Fijan, a real estate developer who likes to tweet about floor plans, recently offered this as an example of how a contemporary downtown office building could be converted into apartments....More
Generations of movie-goers are mourning the loss of a cinematic and architectural treasure, which closed around Feb. 3, weeks before anticipated....More
A tug of war is being waged over the size of the American home....More
To understand a city, start with the foundation. Floor plans from homes around the world explain how the way we live has shaped the design and architecture of urban neighborhoods — and vice versa....More
"Fake environmental reviews are killing good housing projects. Here’s what California can do about it"
Climate change is upon us. Even with Congress finally investing in green energy, Californians face many decades of worsening wildfires and rising seas....More
Tens of thousands of homes are now more buildable, including several projects now resurrected that local parking mandates had previously killed....More
Dense Housing, Streets for People, Bike Lanes
Last week, Berkeley upzoned affluent neighborhoods for apartments and backed bike lanes on a major thoroughfare....More
Downtown Berkeley is set to lose its last operating commercial movie theater, part of a nationwide downsizing by Regal Cinemas, the second-largest chain of movie theaters in the U.S. behind AMC....More
Traffic management consultancy Inrix released its 2022 Global Traffic Scorecard and it’s making headlines around the world....More
While they have spurred heated debates across the internet, living in under 300 feet can be both comfortable and full of social benefits...More
The most famous New Year concert in the world is performed in Vienna and beamed to millions across the world under the golden ceilings of the 19th-century Musikverein concert hall....More
They are grey, rectangular and if you lumped their population of up to 2bn together they would cover roughly the same area as Connecticut, about 5,500 sq miles. Car parking spaces have a monotonous ubiquity in US life...More
From 1940 to 1960, the population of the nine counties surrounding the San Francisco Bay more than doubled to 3.6 million. In a 1959 report, the US Commerce Department’s Office of Area Development projected that it would double again by 1990, and yet again by 2020, when the region was expected to house 14.4 million people....More
Gov. Gavin Newsom, newly inaugurated Los Angeles Mayor Karen Bass and legislative leaders are pledging decisive action on California’s homelessness crisis, which raises a pithy question: Why did it erupt during a period of strong economic growth?...More
When housing advocates and developers talk about how long it takes to get permits to build housing in San Francisco, they don’t speak in increments of days, weeks or months. They speak in years....More
"A year after opening 600 rooms to L.A.’s unhoused, the Cecil Hotel is still mostly empty. Here’s why"
It’s not much — a bed with a mattress, a small nightstand, a dresser, a closet and some assorted appliances in a 160-square-foot room....More
The Empire State Building was completed in 1931. At a height of 1250 feet , it was the world’s tallest building, exceeding the recently completed Chrysler building by 202 feet....More
What the 10 fastest-growing metro areas reveal about the world of remote work
The San Francisco Bay Area claimed the number one position on the list with 4.8% growth in 2022, driven by technology, innovation, and startup growth....More
San Francisco-based Panoramic Interests could be adding another new development to the housing market in downtown Berkeley in the near future....More
This is the paradox of housing development in Los Angeles and so many other cities. The politics of the affordable housing crisis are terrible. The politics of what you’d need to do to solve it are even worse....More
TOKYO — At the end of a long day at work in the offices of Japan’s professional baseball league, Asumi Fujiwara returned to her apartment and changed into pajamas...More
We study the impact of remote work on the commercial office sector. We document large shifts in lease revenues, office occupancy, lease renewal rates, lease durations, and market rents as
firms shifted to remote work in the wake of the Covid-19 pandemic.
The Business Times continues our Hot Spots series this week, introducing you to people and projects in the region’s hottest areas. This week we stop into two crown jewels of the East Shore, Berkeley and Emeryville....More
Panoramic Interests is on quite the spree in Berkeley.
The San Francisco developer wants to raise a 17-story mixed-use building with 239 apartments and ground-floor commercial space at 2274 Shattuck Ave., an approximately half-acre lot in Berkeley’s downtown currently home to the Regal UA Theatre....More
Berkeley is adding people faster than housing units
Across the Bay Area, there are reports of overcrowding forced by sky-high rents. And in Berkeley, population growth outpaced housing growth in the last decade: On average, a single census block in Berkeley added about six people and one new housing unit....More
For creative collaboration, sometimes you can’t beat a face-to-face meeting....More
More than half a dozen affordable housing projects in California are costing more than $1 million per apartment to build, a record-breaking sum that makes it harder to house the growing numbers of low-income Californians who need help paying rent, a Times review of state data found....More
America’s leading economist of urban life says a return to the workplace is crucial, especially for the young.
“And then you go to San Francisco,” Mr. Glaeser says with an almost unseemly gusto. “San Francisco is still down 52%. The tech hub is the most extreme.”...More
“We have, of course, discovered an elusive technology to allow more people to live on less land: It’s called an apartment building. And if people would like fewer neighbors competing for parking spaces, then they should rest assured that buses, trains, protected bike lanes, and maintained sidewalks are effective, cutting-edge inventions available to all.”...More
“We have really little opportunity to get these kinds of buildings where we have multiple bedrooms where we can serve families,” said Coalition on Homelessness executive director Jennifer Friedenbach during a public meeting last year. “We have thousands of children in San Francisco that are experiencing homelessness, but we have very few large units. Three bedrooms. It makes a huge difference for large families, [there are] very few options for them.”...More
As an emergency measure for the pandemic, New York City’s banishment of cars from certain streets saw unexpected space open up for pedestrians, restaurant tables and playing children....More
Tuesday night was District 6 Supervisor Matt Haney’s final Board of Supervisors meeting, as he just won a state Assembly seat and is off to Sacramento. But one of his final votes late Tuesday night was the unanimous approval of a $145 million purchase of the Common City Gardens Apartments at 333 12th Street (at Folsom Street), a facility with 200 family-friendly, multi-room units that will be used to house families experiencing homelessness....More
California leaders have been talking a lot recently about wanting the state to be a haven.
For people seeking abortions who can’t get them in their home states....More
“The acquisition of these two properties will not only add 274 new homes for those who are homeless, which will help us address the crisis we see on our streets, but for the first time we will have a building dedicated to helping families,” Breed said in a statement.
…“This is practically unheard of and an incredible resource to serve families with children,” Emily Cohen, deputy director for communications and legislative affairs at HSH, said at a March community meeting....More
In a sparsely attended press conference late Thursday evening, the UC Student Housing and Development Office announced a series of major changes to the People’s Park student housing project....More
I’m not sure I’ve ever heard more discussion about a city over my lifetime than I have about San Francisco. That’s a weird thing to write, because, up until about a month ago, I’d never actually been....More
Employees may need those face-to-face meetings more than their employers do.
The number of suicides and overdoses continues to rise, and the market for counseling services and therapists keeps growing. This legacy of the pandemic, which seems to be ending after two years, is deeply disturbing...More
The grandiose buildings were originally inhabited by European aristocracy, but their central courtyards later turned into spaces for communal living....More
There’s an old stereotype in the US of a college junior who studies abroad in France for a semester and who returns obsessed with walking to cafés, biking to class and taking trains across county....More
To hear many residents, city leaders and, too often, The Chronicle’s online comment section, talk about it, San Francisco is no longer a habitable city. It is, instead, merely an archipelago of safe islands floating in an ocean of human feces and hypodermic needles....More
“Counterintuitive or not, California needs a lot more housing, and the fastest, cheapest way to get housing is to let developers build it…”...More
“Moretti thinks that in the long run, there will be a loss of innovation and productivity as a result of the pandemic shift to remote work. “It’s hard to create new ideas if you’re physically isolated. It’s hard to interact with clients and ask them exactly what new things they need. Also, it’s hard to onboard new people into teams,” he says.
For this reason, he thinks most workplaces won’t remain 100 per cent remote after the pandemic is resolved…”...More
Watch enough construction and it may occur to you that things have scarcely changed since Ramses II’s building spree. Yes, we have cranes, forklifts and electric saws, but so much of building still comes down to backbreaking labor...More
“…But the front facade is amiable and warm, with engineered wooden panels framing nine square windows. This is infill pure and simple, and it will hold its own in years to come.
…At 2711 Shattuck, Lowney and developer Patrick Kennedy set out to keep things “clean and simple, as easy to construct as possible,” Lowney said.”...More
As Lorde said: “We live in cities.”
Personally, I don’t think so. I don’t think the economic geography of the US will be profoundly different in the long run, and I think the reason is that I don’t think that we can access those particular advantages that come from agglomeration remotely…
Right now, if you look at San Francisco, for example, 89 percent of office workers are working remotely. So right now people are claiming that going forward, what you define as “superstar cities,” or high-cost cities, are doomed. I’m skeptical of that, I think everything that we know from the economic geography before Covid tells us that these forces of agglomeration are quite powerful.”...More
San Francisco’s median apartment rent rose 3.4% in March from the prior month, the biggest increase since the coronavirus pandemic began, according to a new report....More
The coronavirus pandemic and remote work aren’t slowing Google’s massive real estate expansion in California. The tech giant plans to invest more than $1 billion on office projects in the state this year, a sharp contrast to the dozens of tech companies that are slashing their real estate....More
Despite downsizings by some larger tech firms, interviews and data suggest that San Francisco will likely remain a premier hub for early-stage entrepreneurs
San Francisco and Silicon Valley recorded 2,500 venture capital deals in 2020, a likely record despite the pandemic, and hundreds of new startups were formed in the City
It could cut the plan-check review period for new ADUs from four-to-six weeks to as little as one day
“Modular housing and ADUs is the pathway that’s open to really make a dent in the [housing supply] problem,” says Gaisford....More
Rents in coastal superstar cities have bottomed out
“San Francisco has consistently made headlines throughout the pandemic …,we appear to have hit the turning point where the city’s price correction has officially bottomed out. In February, rents in San Francisco increased by 1.2 percent. This is the first monthly increase in San Francisco since the start of the pandemic.”
“…While year-over-year rents dropped 26% in San Francisco, rental prices increased 1.2% in February from January, producing a median one-bedroom rent of $2,010.”...More
Part of the developing transit village near West Oakland’s Mandela Station will go before city officials Wednesday as developer The Michaels Organization looks for the green light to move ahead with construction....More
There’s relatively little migration in the wake of Covid-19
Most Covid-related migration is temporary, involves moving in with friends or relatives, and not leaving a metro area...More
I was speaking with a writer from the Globe & Mail today about the future of office. We were half talking about a new AAA strata office building … And we were half talking about whether or not we’re all going to return to offices....More
Private-sector plan enlists nonprofits, churches
From the fourth-floor rooftop patio on East Vernon Avenue, Los Angeles is a 360-degree panorama: to the north, the skyscrapers of downtown; to the south, the Palos Verdes Peninsula; to the west, the Santa Monica Mountains; to the east, snow-capped Mt. Baldy....More
“…Out-migration did increase in many urban neighborhoods, but the magnitudes probably would not fit most definitions of an exodus. What is certain is that hundreds of thousands of people who would have moved into an urban neighborhood in a typical year were unwilling or unable to do so in 2020.”...More
Experts expected the pandemic to potentially deal a death blow to co-living, amid social distancing and fears of proximity to others.
But as the pandemic stretched on, growing demand for a sense of community to battle loneliness has spurred a surge in co-living. The industry is now poised to expand exponentially....More
I am a digital nomad. Bloomberg allows me to work from anywhere; I get much of my best writing done when I’m in Japan, working out of cafes or at a friend’s co-working space....More
For years it was just another dreary piece of the downtown Los Angeles backdrop — a vacant lot between the county jail and the rusted hulk of a factory.
But since Thanksgiving, two three-story buildings, flanked by a village of trailer homes, have sprung up on the former industrial site....More
From Sept 2020
The last few months have been filled with photos of U-Haul trucks on social media and stories like this one about rents dropping due to a mass exodus from San Francisco....More
The “gentrification-industrial complex” isn’t who anti-growth progressives think it is....More
Demand for city living will surge in 2021
Dense, urban living got a bad rap this year because of the pandemic, but city living will almost certainly enjoy a renaissance in 2021....More
The process of creating prefabricated units that can be quickly assembled has shifted as developers turn to medical buildings, affordable housing, data centers and even a Chick-fil-A restaurant....More
In other cities, 64-square-foot aluminum and composite sheds are being used as quick and inexpensive emergency shelter for homeless people.
Not in Los Angeles. Here, plans to employ the minimalist structures, known as “tiny homes,” have blossomed into expensive development projects with access roads, underground utilities and concrete foundations — and commensurate planning delays....More
The latest UCLA Anderson Forecast anticipates positive economic news is on the horizon, a rosy prediction that’s based on the assumption that mass vaccinations would clear a path toward a new, productive normalcy for many industries.
…But the December forecast also offers hope of a robust recovery from the current recession....More
The 143-unit modular supportive housing project under construction on Bryant Street in San Francisco has drawn praise for the speed at which it is being built and its low construction cost....More
From March 2020
The global work-from-home movement intended to maintain output and efficiency during the COVID-19 pandemic could actually generate a worldwide productivity slump and threaten economic growth for many years, says Stanford economist Nicholas Bloom....More
The Oakland Planning Commission unanimously approved a massive housing project at West Oakland BART station this week, part of the transit agency’s push for more affordable housing near public transportation....More
BART ridership may be down, but transit-oriented developments along the agency’s East Bay corridor are far from idle.
The Oakland Planning Commission on Wednesday unanimously approved the final development plans for two phases of Mandela Station, a project at the West Oakland BART station from China Harbour Engineering Co....More
Even during the economic expansion from 2009 to early 2020, Greater Boston didn’t build enough homes to keep up with demand....More
Brian Rosenthal says Manhattan offices play key role in recruitment
“…having a physical space in New York is critical for the social media giant.
“So much of what we do is collaborative,” Rosenthal said. “[Software is] like writing a book together where all the plots have to connect and make sense and there are thousands of authors. It’s really hard to do if you’re not co-located in the same space and it’s important to even be able to see each other in the same space.”...More
As we explored in my last post from the beginning of our republic there has been predictions of the coming demise of high-density big cities. All of them have been wrong....More
In a year that has radically altered many plans, the two to add nearly 2,000 units to West Oakland are still a go....More
East Bay TOD projects push ahead amid pandemic
Over the past decade or so, transit-oriented development has picked up steam in the East Bay with projects popping up from Hayward to Hercules – many of Then the pandemic hit, putting into jeopardy a central component in the TOD concept – mass ridership, which has plunged as social distancing, sheltering in place and working from home have taken precedence....More
According to Jane Jacobs, all four conditions must be met in order to design a successful, vibrant, diverse and attractive neighbourhood.
These are the four conditions: Primary Mixed uses…., and Density....More
Downtown high-rise developers will receive a huge discount during the pandemic but their savings will come at the expense of low-income housing....More
There are three main ways to lower your chances of meeting the virus up close and personal, as relates to HVAC systems. These are in my order of preference:
1. Dilute it
2. Zap it
3. Trap it
Since the advent of Covid-19, there has emerged a critique of urban density as deadly in fighting the current and future pandemics, and that the answer lies in dispersed development, otherwise known as sprawl....More
New studies in Europe and Asia suggest that riding public transportation is not a major source of transmission for the coronavirus....More
Overcrowding, not density, has defined many coronavirus hot spots. Service workers’ quarters skirting Silicon Valley are no exception....More
In cities with tight housing markets, policymakers have struggled to help lower-income residents afford homes. New research shows that just building new housing—even expensive housing—can quickly drive down housing costs across metro areas, including in low-income neighborhoods....More
Several affordable projects in the area are assembling apartments off-site and then simply locking them into place. If they’re successful, it could cut millions of dollars off construction costs and months off building timelines....More
Projects take longer. Collaboration is harder. And training new workers is a struggle. ‘This is not going to be sustainable.’...More
There’s been a lot reported about San Francisco residents fleeing the city, causing rents to plummet and SF home sales finally embracing transparent pricing. But when looking at data from online real estate platforms, most of the real estate searching is still happening within the metro area and throughout California....More
“Despite economic lockdowns and the health risks recently attributed to cities, Americans on the whole are maintaining an appetite for density. The share of all searches for higher-density cities has actually increased over the first two quarters of 2020.
…Some dense cities like New York and San Francisco do not appear to be at high risk of an urban exodus, while others like Chicago and Boston show more troubling signs…”...More
The tech industry is built on serendipity. If workers flee the Bay Area, what’s left?
It’s been a big week for subsidized housing in Berkeley. And it just got bigger.
On Thursday night, the city’s Zoning Adjustments Board unanimously approved a new project from Panoramic Interests for a 39-unit complex made from modular construction to house people who were formerly homeless....More
Anecdotes aside, there’s no data that people are fleeing cities to avoid the Coronavirus
The data show young, well-educated adults moving to urban centers everywhere, and no decline in interest in urban markets during the pandemic
As we’ve chronicled at City Observatory, there’s a welter of press accounts claiming that people are fleeing cities to escape the Coronavirus....More
The global asset manager is partnering with tech-forward, multifamily operator, Common in a 575-unit portfolio expansion.
Nuveen Real Estate has selected multifamily real estate operator, Common to manage operations and leasing for two of Nuveen’s largest, class A multifamily assets....More
Lower taxes? Cheaper housing? Shorter commute? For some knowledge workers fleeing the big city amid the pandemic, the perks of relocating to a distant burg will soon grow stale....More
Inequality, spiralling rents and now remote working: the city has a number of problems but keeps growing anyway...More
"Why cities will flourish in a post-Covid world: Talented young adults are moving to urban neighborhoods"
The movement of talented young adults to dense urban neighborhoods isn’t waning, it is widespread and accelerating, and it is powering urban revival.
Cities continue to be magnets for talented young adults The number of well-educated young adults living in close-in urban neighborhoods is increasing in every large US metropolitan area, and this trend has accelerated in recent years....More
The CEO of Adecco, one of the world’s largest employment agencies, discusses the pros and cons of working from home...More
The pandemic forced schools into a crash course in online education. Problems piled up quickly. ‘I find it hectic and stressful’...More
A Sidewalk Talk Q&A with the urban economist on the challenges of inclusive growth — and the opportunities of urban-tech....More
“…Cities have always worked particularly well for young people. They flock to them to build up vital social and professional networks, meet their mates and learn how the world works. Around the world there is massive unmet demand for city homes and workspace…”...More
For apartment owners and managers, the pandemic means closed offices, few or no in-person tours and off-limits amenities, obliging them to market their properties without time-tested tools — at least for now....More
In the first half of the 20th century, the students at Boston’s best public high school, Boston Latin, included a brash kid named Leonard Bernstein, who would one day compose West Side Story; another boy named Thomas L. Phillips, who would build the Massachusetts manufacturer Raytheon into a bulwark of American defense; and Paul Zoll, who would pioneer the use of electricity to treat cardiac arrest while working as a doctor at a Boston hospital....More
Making a link between a city’s density and its vulnerability to epidemics may seem like an obvious connection. But it may, in fact, be off the mark.
Since the outbreak of the coronavirus (COVID-19) and its spread across the globe, places with high urban population density have seemed to be especially at risk to some observers....More
A San Francisco progressive housing group called Todco promoted a ballot proposition which would tie the creation of new office space in the city to construction of new housing. The final tally isn’t in yet but it appears Prop E might pass....More
In an expensive, decades-long effort to curb congestion in urban regions, our transportation agencies and elected leaders have overwhelmingly prioritized spending hundreds of billions of dollars to widen and build new highways....More
"An ‘uninhabitable’ shack in San Francisco that’s missing a wall just sold for $2 million, and it showcases the real value of land in the Bay Area"
San Francisco is home to one of the most expensive housing markets in the US....More
As California’s governor vows to tackle the state’s homelessness crisis, housing “insanity” stands in the way.
SAN FRANCISCO — The average home in the United States costs around $240,000. But in San Francisco, the world’s most expensive place for construction, a two-bedroom apartment of what passes for affordable housing costs around $750,000 just to build.
Where to soak in the strange in the East Bay’s quirky college town
Berkeley has a reputation for weird. It’s also known for political activism, great food, and those smarty-pants at Cal, but the city’s inherent quirkiness pervades its past and present....More
California’s housing crisis is getting worse. The status quo is not working. But as much as we like to complain about high housing costs, traffic congestion, and dwindling open space, we remain attached to an old version of the California Dream: single-family homes with big green lawns and swimming pools out of a David Hockney painting....More
“Nearly all of the biggest challenges in America are, at some level, a housing problem.
Rising home costs are a major driver of segregation, inequality, and racial and generational wealth gaps. You can’t talk about education or the shrinking middle class without talking about how much it costs to live near good schools and high-paying jobs. Transportation accounts for about a third of the nation’s carbon dioxide emissions, so there’s no serious plan for climate change that doesn’t begin with a conversation about how to alter the urban landscape so that people can live closer to work.”...More
A new report shows how cities are central to any strategy to fight climate change
Cities have the “3 C’s: Clean, compact, connected
National government policies need to support cities
Let’s describe a low carbon future in positive, aspirational terms...More
Boarding homes, building codes, and neighborhood character: What “Little Women” can teach us about housing policy
Of the nine films competing for the top honor at this Sunday’s Academy Awards, there’s a few that take on issues of housing and urban policy, from the class conflicts of “Parasite” to the metropolitan decay in “Joker.”...More
Why don’t we have more options for affordable shelter?
“It’s a largely self-inflicted problem,” said Patrick Kennedy, a Bay Area developer at the forefront of housing innovation. Restrictive building codes and expensive labor agreements drive up costs, making it hard to build affordably, he said.
His advice to state leaders?
“Look outside of the ‘affordable housing industrial complex’ which, by its very nature, has a cost structure and management structure that results in much higher costs for the product,” said Kennedy, who believes private developers can build affordable housing faster and cheaper…”...More
"Q&A with Oakland’s Matt Horn, the pitmaster behind the most anticipated barbecue restaurant in America"
Before Matt Horn served his first plate of smoked brisket and ribs out of an old service station at 17th and Center Streets in West Oakland on Saturday afternoon, more than 100 people were outside the building waiting to order. The scene was like a musical festival and Horn’s popup was the headlining act....More
In cities, many people think “density” means crowded neighborhoods and greedy developers, but a new show at the Skyscraper Museum tells a different story.
Housing innovators selected for their work to make housing more affordable
Construction and Design
“…Panoramic Interests – San Francisco, California
Panoramic Interests is designing a high-density, prefab, studio apartment building. The prototype, CITYSPACE Studios, is a prefabricated affordable dwelling with units for the homeless that can be easily configured into apartment complexes on existing underutilized city-owned lots.”
"Inside the $1,000 underground ‘sleeping pods’ that a developer wants to build in San Francisco’s super crowded housing market"
- A developer is proposing new housing plans to the city of San Francisco that include 88 50-square-foot underground “sleeping pods.”
- The pods, which are essentially bunk beds stacked together dormitory-style, will be located in windowless subterranean basement levels of two proposed apartment buildings in the Mission District.
- The pods would be priced between $1,000 and $1,375 with curtains instead of doors for privacy.
"Inside the mile-long California homeless camp that is tearing a town apart as Silicon Valley house prices soar"
Residents of the Sonoma homeless camp have lost properties through natural disasters or simply can’t afford California’s prices
On the outskirts of Santa Rosa, the first real city to emerge as you drive through the rolling wine country north of San Francisco, two new settlements hum with life....More
For decades, urban policy has focused on troubled cities—those losing population and commercial activity. But in many cities, the era of decline is over; today, we are seeing the emergence of prosperous, economically dynamic cities, often located on America’s coasts....More
"Panoramic Interests Seeks $80MM JV Equity Investment for First Phase of Apartment Development in Oakland"
San Francisco-based Panoramic Interests is looking for a joint venture equity partner to join its 500 Kirkham apartment project in Oakland....More
It is an obsession that undermines growth, fairness and public faith in capitalism
Economies can suffer both sudden crashes and chronic diseases. Housing markets in the rich world have caused both types of problem. A trillion dollars of dud mortgages blew up the financial system in 2007-08....More
“…Housing First turned that upside down, …This has been enormously successful, housing about 85 percent of the most complex folks…”
“…The vast majority of people who become homeless could be easily housed if there were housing that they could afford on their income…”
“…For everyone else, we need to focus on increasing the supply of extremely low-income housing by building very low-income housing, preserving what exists, and providing sufficient vouchers (right now, only a quarter of households who qualify get them)…”...More
"Poll: 97% of San Franciscans see homelessness as a problem — 69% approve of homeless housing in their neighborhoods"
“…The poll finds 72 percent support for simply giving homes to the homeless — … Providing Section 8 rental vouchers for homeless people met with 76 percent approval…”
“…This polling, he continued, “demonstrates support for this type of solution is widespread…”...More
San Francisco is making 151 units in two residential hotels available for formerly homeless people, a more affordable and faster option than creating new units in a city where subsidized housing costs $700,000 a unit and five years to build.
“…The city hopes the first occupants at both hotels will be able to move in by April. The Post will charge $1,300 a unit per month and the Abigail will charge $1,400. Residents will be expected to pay 30% of their income — whatever it may be — toward rent, with the city subsidizing the remainder…”...More
Cars are a fact of life for the vast majority of Americans, whether we’re commuting to work or traveling to just about anywhere. But a new development outside Phoenix is looking to change that. Culdesac Tempe, a 1,000-person rental community, aims to promote a new type of walkable neighborhood by banning residents from driving or parking cars there....More
Quietly, the state’s housing crisis is beginning to take its toll on California’s 1.4 million family businesses....More
“…Bay Area startups received almost half of the venture capital invested in 2019, some $46 billion flowing into the coffers of Bay Area companies…”...More
California has a housing crisis — that much we all know — but we should not grow paralyzed by the idea that it’s politically or substantively insurmountable. Paris has turned around a comparable situation with remarkable speed....More
Cars, climate change, and cameras are just some of the tough issues city leaders need to grapple with in the coming decade
By their nature, cities are dynamic and ever-changing, shaking off the past and constantly reinventing themselves to face the future....More
“Somebody crazy not giving up” finally wins new homes
Developer Patrick Quinlan is bringing new housing to Bernal Heights, and it only took four decades to get the job done.
Rarely cheap or easy, the rental game went from an ordeal to a war zone this past decade
“…Median market rents—representing mostly newer homes that can charge double or nearly treble the census average these days—are where the real fireworks began: In 2010, a two-bedroom SF apartment on Craigslist averaged $2,893 (per historic data compiled in 2016 by Eric Fischer), or $3,396 after inflation. At the end of 2019, similar units on the same site sit at a median of $4,300, up 26.6 percent.”...More
San Francisco edged out New York City in 2019 for a queasy honorarium
San Francisco might be the most expensive place in the entire world to build new housing—intimidating news for anyone holding out for the possibility of increased supply to relieve the housing crisis....More
Adrian Caratowsa was lucky.
After six years of trying and failing to score an affordable apartment in San Francisco, he won the lottery for a city-subsidized apartment in the Transbay district....More
“…For the first time in more than a decade, Oakland’s skyline has a new office tower — and many more to come.”
“…A wave of migration from San Francisco, along with local business growth, has made Oakland one of the hottest local economies in the country. Additional office projects totaling more than 4 million square feet, or room for 20,000 more employees, are under construction or planned downtown, which currently has around 80,000 jobs…”...More
New rental housing measures were approved by Vancouver City Council this week. I haven’t gone through the policies in the detail (you can do that here), but they aim to increase rental housing supply by doing things such as “pre-zoning” for 6-storeys on main streets and by allowing rental apartments to be built on some side streets (up to 150m away from arterial roads)....More
With six annotated takeaways for local housing policy.
Local bans on attached homes in cities are driving up energy use and helping cook the climate, the United Nations Environment Program wrote in a report published Tuesday....More
A new generation of activists seeks to revive an old urban policy, despite its troubled history.
“…Housing for low-income communities consisted of small homes and buildings, close together—rowhouses in Philadelphia, three-decker homes in New England, walk-up apartments in New York.
Rooming houses abounded. In the years since then, new housing of this nature has been zoned or otherwise regulated out of existence…”...More
In the technical, secular Silicon Valley, one temple commands a following. The famous garage.
On a recent Saturday, drenched in California sunshine, I visited three. First, the garage in which Hewlett and Packard first collaborated, on a quiet suburban street in Palo Alto not far from where I live. Their company HP would go on to become the largest manufacturer of personal computers....More
Los Angeles (AFP) – Kay Wilson packed up her life in a hurry and moved to Los Angeles… only to find that what she paid in Pennsylvania for a nice studio apartment would only get her a 2.9-square-meter box in California....More
Patrick Kennedy knows how outlandish real estate prices in the Bay Area have become. Owner and president of Panoramic Interests, a development company, Kennedy has seen the cost per square foot of a high-rise in San Francisco go from $272 in 2001 to $833 today. Construction costs in the Bay Area are the highest in the world, he said Friday at the Commercial Economic Issues & Trends Forum during the REALTORS® Conference & Expo in San Francisco....More
State government still has to pull its weight in changing zoning laws
In 1848, it was the lustre of gold which lured thousands to California. Today, cutting-edge technology is the Golden State’s draw, especially in the Bay Area. But Silicon Valley’s limited housing supply is squeezing out locals....More
California, the land of golden dreams, has become America’s worst housing nightmare.
Recent wildfires have only heightened the stakes for a state that can’t seem to build enough new homes.
The median price for a house now tops $600,000, more than twice the national level. The state has four of the country’s five most expensive residential markets—Silicon Valley, San Francisco, Orange County and San Diego. (Los Angeles is seventh.) The poverty rate, when adjusted for the cost of living, is the worst in the nation. California accounts for 12% of the U.S. population, but a quarter of its homeless population....More
California can’t end its housing crisis without an overhaul of zoning rules.
Apple has pledged $2.5 billion to help address California’s affordable-housing crisis, the company announced on Monday. In recent years, the San Francisco Bay Area has become the most expensive housing market in America. Los Angeles also suffers from housing costs far above the national average....More
The fires and the blackouts are connected to a larger problem in this state: a failure to live sustainably.
“…If we redesigned our cities for the modern world, they’d be taller and less stretched out into the fire-prone far reaches — what scientists call the wildland-urban interface. Housing would be affordable because there’d be more of it. You’d be able to get around more cheaply because we’d ditch cars and turn to buses and trains and other ways we know how to move around a lot of people at high speeds, for low prices. It wouldn’t be the end of the California dream, but a reconceptualization — not as many endless blocks of backyards and swimming pools, but perhaps a new kind of more livable, more accessible life for all…”...More
The state is plagued by two major issues: wildfires and a lack of affordable housing. Each problem exacerbates the other.
“…One solution to the state’s twin problems is to build more dense housing in urban areas: An aggressive infill-building push would lower rental prices and shift the state’s population to less fire-prone areas, as well as help reduce carbon emissions. …”...More
One is an instance. Two may be a coincidence. Three annual fire seasons? In a row?
Climate change has given us this grim new time of year, and its rhythm warns us that it will not operate on a leisurely schedule. George Carlin quipped that it’s called the American Dream because you’ve got to be asleep to believe it....More
Warriors guard Jacob Evans’ welcome-to-San Francisco moment came in late August.
While calculating his expenses, he realized that, between utilities and rent, he will spend about $7,900 each month on housing. That might not seem steep for someone set to earn $1.9 million this season, but Evans grew up in a three-bedroom, two-bathroom house in Baton Rouge, La., that cost $575 a month....More
A new study shows a tantalizing connection between more walkable places and intergenerational economic mobility
City Observatory readers will be familiar with the findings of Raj Chetty and his colleagues in the Equality of Opportunity Project. In a revelatory use of big data, they used anonymized tax records to track the lifetime earnings of kids growing up across the United States....More
The city’s analysis shows that the need to build parking is catastrophic for housing affordability.
“… Mandating off-street parking, … requires a judgment that housing cars is more important than housing people.”...More
Some shared quarters forgo perks while others shrink private square footage to the size of tanning bed
“…UP(st)ART compensates for teh added costs by packing residents in like crew members on a cruise ship in 30-square foot pods. They rent for about $750 a month…”...More
The city of Los Angeles is spending more taxpayer money than expected to build fewer apartments for the homeless. That’s the conclusion of a new audit of Proposition HHH, the 2016 bond measure that was intended to fund 10,000 new units of supportive housing for people experiencing homelessness....More
"Audit Finds Cost of Building Supportive Housing in L.A. Exceeds Median Price of a Market-Rate Condo"
Los Angeles is spending $600,000 per unit on building affordable and supportive housing for homeless residents....More
It is systematic barriers, not pure preference, that prevent lower-income families from moving to areas of high opportunity, according to research released by Brookings at a Sept. 19 event. This new research from Harvard University’s Opportunity Insights serves as a reminder of the importance of affordable housing in areas of high opportunity....More
The more cities grow, the more productive and prosperous they become.
Can urban areas grow too much? The answer is subject to people’s lifestyle preference, based on where they want to live and what tradeoffs in time and money they’ll accept. But according to one theory, the answer, economically speaking, is no....More
A new report has named Oakland and the East Bay to a list of metro areas attracting outsized amounts of capital across the U.S.
“…Oakland itself has almost 7,000 housing units opening this year, with thousands more in the pipeline, and the city has attracted the full attention of big-name tenants like Kaiser Permanente and Square. Kaiser announced plans earlier this year to build a $900M headquarters in Uptown, while digital payments company Square leased all 356K SF of Uptown Station down the road.”...More
“A lot of our problems are self-inflicted. If the cities were serious about producing housing, they can have as-of right development for certain types of projects, they could zone areas close to transit for form-based approval,” Kennedy said.
“A large part of the problem is the failure of city governments to build more housing. We’re seeing a new kind of homeless individual, which is someone who used to be housed but is pushed off the housing ladder by the housing shortage caused by our economic boom.”...More
Implementing healthy habits isn’t just a boon for personal health, but for professional and business health as well. Staying lean, choosing the right priorities and being committed to education is advice that is just as helpful from a business mentor as a personal trainer....More
“…A flood of recent research has shown that parking requirements poison our cities, increasing traffic congestion, polluting the air, encouraging sprawl, raising housing costs, degrading urban design, preventing walkability, damaging the economy, and penalizing everyone who cannot afford a car.”...More
SAN FRANCISCO (KPIX 5) — The housing crisis has crept its way into every corner of life in California.
You see it on the street if you walk to work in the San Francisco or if you’re slogging through a super-commute to the South Bay. It’s personal–what could be more personal than your home? Or lack thereof?...More
…“The country as a whole would be better off if more Americans had more housing options close to their jobs”...More
In cities across the U.S., multifamily developers are finding that building less is doing more....More
San Francisco, California, has been the birthplace of many inventions, dating all the way back to the 1800s. Today the city continues to build its reputation for business, making it not only a hub for innovation and collaboration but also home to some of the country’s most talented leaders....More
From ancient Rome to modern Atlanta, the shape of cities has been defined by the technologies that allow commuters to get to work in about 30 minutes....More
“Last week the Oakland Planning Commission approved a mammoth mixed-use housing development near West Oakland BART, which will create more that 1,000 new apartments next to one of the Bay Area’s busiest transit hubs.”...More
…”a BART extension is expected by 2026…”
Google unveiled details of its massive plan to remake the area around San Jose’s downtown Diridon Station, a key step in its bid to transform 60 acres and become the largest private employer in the Bay Area’s biggest city....More
“A huge new residential development encompassing an entire city block in West Oakland was unanimously approved by Oakland’s Planning Commission on Thursday, with plenty of community support….”
“The project drew resounding support from West Oakland residents, business owners, and community leaders at Wednesday’s meeting. Of the 35 people who signed up to speak, no one opposed it.”...More
“A $650 million 1,032-unit apartment complex meant to pay homage to the west sides’s vibrant jazz and blues scene of the 1940’s and 50’s is on track to break ground near the West Oakland BART station early next spring.”...More
“…Ronnie Stewart, executive director of the West Coast Blues Society said that Panoramic ‘bent over backwards’ over the last three years to hear from the local black community…”
“We are going to focus on the only-in-Oakland experience — we don’t have any spaces for chain retailers, so we will be focusing on local small businesses, pop-up stores, barber shops…” said Kennedy …...More
“One of the Bay Area’s most forward-thinking transit-oriented developments just got the green light from Oakland’s Planning Commission.”
“To Panoramic Interests’ owner, Patrick Kennedy, 500 Kirkham represents a milestone in more than just height and unit count.”
“It’s a green light in our quest to invent an urban neighborhood that is entirely dedicated to bikeable, walkable and BART-able characteristics,” Kennedy said.
“We want to reinvent Greenwich Village in Oakland.”...More
When it comes to the economic status of cities, there is no shortage of conflicting messages—and conflicting facts. On the one hand, we hear about the dominance of superstar cities and tech hubs in the competition for talented workers, high-end knowledge jobs, and high-tech startups....More
Media Ignores Driving Force Behind Rising Housing Costs
Homeowners opposing new multi-unit housing drive urban gentrification. As I detail in Generation Priced Out: Who Gets to Live in the New Urban America, from San Francisco’s Bernal Heights, Noe Valley, Alamo Square and Haight-Ashbury to Los Angeles’ Highland Park to New York City’s Park Slope and neighborhoods throughout Cambridge, neighborhoods become expensive by not allowing new housing rather than via “luxury development.”...More
Matthew Gardner, the chief economist at Seattle’s Windermere Real Estate, earlier this year digitally superimposed a map of Paris atop a map of Seattle for a talk he gave about how outdated single-detached zoning is. It’s a familiar theme for Sightline readers who have been tracking our arguments about housing shortages and climate change....More
Many communities around the Bay Area are struggling to figure out how to solve the regions housing needs. One San Francisco developer thinks going smaller is the answer....More
Facts are stubborn things: And they don’t support the folk wisdom equating gentrification with displacement.
There’s a palpable and growing amount of cognitive dissonance between the accepted conventional wisdom about the intrinsically evil nature of gentrification, and a body of careful detailed research that shows that its either not bad, or actually produces measurable benefits. That cognitive dissonance is on full display in CityLab’s recent reporting on a new study of gentrification in New York....More
SF Homeless Project: 24 hours inside San Francisco’s crisis … Supportive Housing: $700,000 a unit.
San Francisco spends more than $300 million a year fighting homelessness. Yet it’s not working – at least not enough. Amid a housing shortage, rampant drug addiction and a failing mental health care system, the everyday crisis on our streets has intensified....More
It’s a demonized group, yet there are few solutions for the housing shortage that don’t at least partly involve more development.
The developers are coming. They’ve got the politicians in their pockets and the gaudy architectural plans in their hands. They will gorge on the entire city. And they won’t stop until peak profit has been wrung from every patch of land....More
No vacancies at housing startup despite skepticism
Podshare, the Southern California-based startup that rents out “pods” consisting mostly of a bunk bed for $1,200 per month, continues to make headlines for its San Francisco expansion, many of them decidedly negative....More
Faster suburban population growth doesn’t signal a preference for suburbs: Here’s why
Last week, the Wall Street Journal reported suburbs growing faster than cities. The article, “American suburbs swell again as a new generation escapes the city.” The article looks at Census data showing that some of the nation’s fastest growing cities are sunbelt suburbs....More
From October 19, 2017
The Young and Restless—25 to 34 year-olds with a bachelor’s degree or higher level of education—are increasingly moving to the close-in neighborhoods of the nation’s large metropolitan areas. This migration is fueling economic growth and urban revitalization....More
“…PodShare is looking to answer the shortage of affordable housing in cities like San Francisco and Los Angeles by renting dormitory-style lodging and providing tenants a communal living experience…”...More
Shocking almost no one, nine of the 15 most expensive metropolitan areas in the United States are in California, according to the Bureau of Economic Analysis. But one major reason for this may surprise you: The state has an overregulation problem that’s contributing to the housing affordability crisis....More
Donald Shoup, distinguished research professor of urban planning, shared his expertise on parking pitfalls and reforms in a wide-ranging conversation on the American Planning Association’s “People Behind the Plans” podcast....More
“…One unit costs about $700,000 to build and about $12,000 a year to operate, according to the Mayor’s Office of Housing and Community Development…”...More
In the years immediately after the last housing market crash, a narrative took hold in mainstream media that there had been an inexorable, immediate, and permanent change in how we build our cities....More
New report Foot Traffic Ahead finds walkable urbanism isn’t just sustainable and enjoyable, but more profitable
What if I told you there was a way to develop U.S. cities that was better for social equity, created more jobs and economic activity, resulted in better transit access, and improved the environment, all while guaranteeing better economic returns for developers and investors?...More
At a May 21 forum hosted by the San Francisco Business Times, panelists Scott Anderson, president of Pankow Builders, Katie Brandtjen, partner at EisnerAmper, JP Walsh, finance director at Panoramic Interests, and Michael P. Muzzy, partner at Lubin Olsen, discussed how investors, businesses and local economies can benefit from investment in qualified opportunity zones....More
“…A new report has ranked the San Francisco metro area the second best in the nation for job-seekers, only topped by San Jose…”...More
“…Kaiser’s consolidation will free up a significant amount of space for other growing companies, according to Colin Yasukochi, research director at real estate brokerage CBRE.
It opens up additional office space for tenants seeking a lower-cost alternative” to San Francisco,” he said. “There’s a stronger likelihood that more jobs will be located in Oakland.”...More
From May 2018
Why are California housing costs so high? At its most basic level, it’s a story of supply and demand — lots of people want to live here, and there aren’t enough homes to go around....More
“…But advocates for affordable housing should be jumping up and down and screaming for the construction of more high-end apartment buildings to ease demand for existing homes.
Those new buildings are filled with people who would otherwise be spending Saturdays touring fixer-uppers in neighborhoods newly named something like SoFa, with rapidly dwindling populations of longtime residents…”...More
Rising populations and limited housing options have created an unprecedented affordability crisis in America’s urban cities. Randy Shaw, author of “Generation Priced Out: Who gets to Live in the New Urban America,” joined THINK to discuss the policy change that could save America’s cities....More
Friends, neighbors, it’s good to see all of you. I know you, you know me, and just seeing all of your faces at this city council meeting reminds me why I love living in this town. Because I feel comforted by stasis and regularity, both fed by ignorance, and which combine to perpetuate injustice....More
“…Unlike some mega-projects in Oakland, the Kirkham Street venture has received little opposition, city staff said.
That is partly because the development is being built on a vacant lot, but also because city staff say they have been working closely with the developer, Panoramic Interests, to meet the community’s needs…”...More
New research shows new apartments drive down rents in their immediate neighborhood, disproving the myth of “induced demand” for housing
If you’re a housing supply skeptic, there’s one pet theory that you’ve been able to hang your hat on, in the face of a barrage of evidence that increasing the supply of housing helps hold down, or even drive down rents....More
Finland is the only EU country where homelessness is falling. Its secret? Giving people homes as soon as they need them – unconditionally...More
The nine-county Bay Area, currently home to 7.7 million people, is projected to add another 2 million new residents by 2040. Such growth comes with opportunities for innovation, vibrant communities, and a sustainable urban consolidation of people and resources....More
California lawmakers appear increasingly willing to advance every response to the housing shortage that does not entail building housing.
The latest example is legislation by Assemblyman David Chiu, D-San Francisco, to cap rent increases across the state, which the Assembly took the remarkable step of passing Wednesday....More
Like college debt and climate change, the housing affordability crisis is generational warfare.
The numbers in California tell a dire story these days: In 2018, despite low unemployment and high wages, the state’s population grew at its slowest rate in history. Fewer people are coming and more people are leaving because it’s very hard to find a place to live....More
Decades after BART rolled through West Oakland, along 7th Street, destroying what was once a vibrant, black, entertainment and commercial business district, local developer, Panoramic Interests, is planning to replace the devastation with a new and vibrant community of housing and small businesses....More
I just got back from a few days in New Orleans, where I stayed—as most tourists to that city do—in the French Quarter. The name is actually a misnomer from the particular perspective of an urban planner: most of the historic architecture in the French quarter dates to a period of Spanish rule from 1763-1801, and much of the urban design suggests a strong Spanish influence....More
With house prices out of reach, where will the van dwellers go?
In a quiet neighborhood near Google’s headquarters last month, rusty, oleaginous sewage was seeping from a parked RV onto the otherwise pristine street....More
Blame policy, demographics, and market forces
Nearly two-thirds of renters nationwide say they can’t afford to buy a home, and saving for that down payment isn’t going to get easier anytime soon: Home prices are rising at twice the rate of wage growth....More
When Paul Wickboldt moved to the Bay Area from Boston more than two decades ago, he settled in Walnut Creek for the same reasons many families choose the suburbs: good public schools, safety, a backyard for the kids to play in, and the pleasure of knowing his neighbors....More
From August 2018
In the coming years, an increase in Millennials forming households will create robust demand for both single family homes and apartments. Why inadequate supply over the long term may bode well for apartment REITs....More
California finally is beginning to consider solutions to its housing crisis that are on the same scale as the problem.
The state is desperately in need of more housing. Home prices are the highest in the continental United States, and population growth continues to outstrip construction....More
“…The practical implication is that we shouldn’t be talking about housing affordability in isolation.
We should really be talking about “affordable living” rather than “affordable housing.”
If your rent is low, but you have to spend a disproportionately large share of your income on transportation, then your living situation isn’t affordable…”...More
“…This year, eight major tech companies are expected to hold initial public offerings. The first, Lyft, took the public-market plunge last month.
Yesterday, Pinterest did. Airbnb, Instacart, Palantir, Postmates, Slack, and Uber remain.
Amazingly, all but Palantir are headquartered in San Francisco, currently home to only five other public software companies—Dropbox, Salesforce, Square, Twitter, and Yelp…”...More
A huge influx of both apartments and people will hit West Oakland BART station in the coming years, and it could start at 500 Kirkham St.
Developer Panoramic Interests will seek final approvals from the Planning Commission this spring for its 1,032-unit project, a go-ahead that would come after three redesigns, a fight over parking and years of planning....More
SB50 Opens Gentrified Neighborhoods to Working and Middle-Class Residents
California’s SB 50, with lead co-sponsors Senators Nancy Skinner and Scott Wiener, expands housing opportunities for working and middle-class tenants who have been priced out of cities. So why do many tenant groups oppose the measure?...More
“…The Chronicle reported earlier this week that tech companies have leased 2.2 million square feet of San Francisco office in the first three months of this year.
That’s enough space to fill nearly two Salesforce Towers. And that’s in only three months…”...More
“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
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 (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 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
Discoveries from a depressing scroll through Craigslist
Aa Bay Area renter, I often find myself diving into the darkest corner of the housing section on Craigslist to see if it’s worth moving out of my current rental situation....More
“…The potential impact of unlocking these tax benefits on long-term returns is massive.
For example, after 10 years an investor could see an additional $44,000 for every $100,000 of capital gains invested into an Opportunity Fund by December 31, 2018, compared to an equivalent investment in a more traditional stock portfolio generating the same annual appreciation…”...More
“…The law permits an investor to roll over capital gains — proceeds from the sale of stocks or a home, for instance — into an opportunity-zone fund. The fund can then put the money in a zone by investing in, say, a condo project or affordable-housing units.
An investor who keeps money in a such a fund for 10 years is able to exclude 15 percent of the original capital gain from taxation. And — potentially much more lucratively — the investor would not owe taxes on any gains that accrued if the investment increased in value in that time…”...More
“…California has a real crisis that it has rarely treated as such. It’s the housing shortage, which has given the state the nation’s highest poverty rate and nearly a quarter of its homeless population.”...More
Distressed America is Wall Street’s hottest new investment vehicle.
Hedge funds, investment banks and money managers are trying to raise tens of billions of dollars this year for so-called opportunity funds, a creation of President Trump’s 2017 tax package meant to steer money to poor areas by offering potentially large tax breaks....More
Addressing housing directly is cheaper than relying on cops and emergency rooms.
“…it’s cheaper to give homeless people homes to live in than to let the homeless live on the streets and try to deal with the subsequent problems.”...More
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
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
“…Big Tech needs hundreds of thousands of new employees, which means it needs somewhere to put them. This isn’t a matter of reconfiguring a floor or two at corporate headquarters. It means building new campuses around the country….
But even in its Bay Area backyard, which is a mess of traffic congestion and housing prices at levels even well-paid engineers can scarcely afford, there is a boom that, if anything, is accelerating…”...More
“…San Francisco developer and ULI member Patrick Kennedy’s firm, Panoramic Interests, recently completed an all-steel module complex at 2711 Shattuck Avenue in Berkeley, California. Shattuck Studios is a 22-unit, four-story, 30-module structure that Kennedy says he undertook…”...More
A milestone upzoning plan in Minneapolis capped a year that saw pro-housing forces duel NIMBYs in cities nationwide.
A few weeks ago, Minneapolis made zoning history when its city council endorsed a comprehensive plan that would enable denser housing development across the city....More
Bob Tillman has spent nearly 5 years and $1.4 million trying to convert his laundromat into new housing....More
“…This year, developers delivered just under 2,263 homes in new multifamily buildings…
That is less than half of what came on the market in 2016 when 4,895 homes were completed and just over half of 2017’s count of 4,270 homes…”...More
Urban planner Alain Bertaud’s new book, Order Without Design, argues that cities are really shaped by market forces, not visionaries.
“I compare it to food: You can’t solve a famine by simply mandating that everyone eat 2,000 calories a day. That’s absurd. You have to bring in more food. In the same way, cities like San Francisco have to increase the supply of floor area, and let consumers determine the size of units.”
Zoning rules that severely restrict home construction cut off millions of poor people from jobs and affordable housing. The Minneapolis reform is the most extensive reduction in zoning achieved by any major American city in a long time.
Yesterday, the City of Minneapolis struck a major blow for both property rights and affordable housing by enacting the most extensive reduction in zoning restrictions adopted by any major US city for a long time. Henry Grabar of Slate summarizes this welcome development:...More
Here’s what a plan to tackle climate change, density, and affordability looks like
…Minneapolis 2040 believes the solution is simply more: more construction, more high-rises, and more triplexes
…the plan would allow triplexes to be built across much of the city—and allow even denser developments in transit zones
…the new rules would allow developers in most residential areas to build four stories high....More
San Francisco has become the first major U.S. city to propose removing all parking minimums, with legislation introduced in October, Quartz reports....More
So we’d better figure out how to get along
“…There’s a lot of talk about whether the Bay Area can sustain more growth, whether San Francisco and its other cities simply don’t have room for all the workers tech companies hope to hire…
The truth is that it is difficult for tech companies to grow elsewhere…”...More
As cities wake up to their housing crises, the problems with single-family-home residential zoning will become too egregious to ignore.
In my neighborhood in San Francisco (or, more accurately, my parents’ neighborhood) there’s a plan afoot to build 42 units of new housing in two parking lots, just steps from a light rail line....More
“Any gain you have during the hold period of the fund, that’s tax-free, which is pretty remarkable …”...More
YIMBY Action’s mantra is to build as much new housing — all kinds of housing — as fast as possible. And they’re not afraid to anger anyone who might get in their way
Just hours after Mayor London Breed was sworn into office earlier this year, about 50 members of YIMBY Action crammed into a cafe at Ninth and Mission streets for their monthly membership happy hour....More
Lowbrow housing options that used to ensure against homelessness are now illegal in many cities.
Some progressives blame high housing costs on inequality. But in the 1920s, inequality was as significant as it is today, if not more so....More
While downtown Oakland has lured major investments from big-name investors, West Oakland was largely overlooked — until now.
New York Life Real Estate Investors is among the first institutional investors to place a bet on West Oakland....More
Modular building provider CIMC Modular Building Systems Holding Co Ltd is taking its expertise to the United States, by building student accommodation for postgraduates at the University of California, Berkeley....More
Special rapporteur cites SF and Oakland along with worst slums in the world
In January, United Nations Special Rapporteur Leilani Farha visited Oakland and San Francisco as part of a fact-finding mission about housing and expressed shock and horror at the living conditions of homeless residents in one of the wealthiest societies in the world....More
People spend more money when cities are less vehicle-oriented.
You’ve probably seen the term “walkability” thrown around in relation to cities, neighborhoods, and even apartments....More
“…1. Oakland: West Oakland, Uptown, Jingletown, and Coliseum Industrial…”
Much has been reported on the creation of Opportunity Zones and even more on their tax advantages, but, less has been written about the specific Opportunity Zones that are now found in all 50 states and US territories....More
San Francisco, Oakland and Berkeley take pride in their progressive values. But all three cities maintain land-use laws that are exclusionary. Each bars new apartments from being built in many neighborhoods, effectively pricing out a new generation of working and middle-class families. How could this happen?...More
“…While rent control appears to help current tenants in the short run, in the long run it decreases affordability, fuels gentrification, and creates negative spillovers on the surrounding neighborhood…”...More
There is a persistent, agreed upon fiction that San Francisco can house its homeless by itself.
To address this delusion, an honest reckoning is needed. For years all our mayors and staff have competently and diligently addressed this as their top priority, yet we remain exactly where we were over 20 years ago when Mayor Willie Brown committed truth by saying that it was an intractable problem....More
Tiny apartments are going big.
The co-living startup Starcity, which builds small apartments with shared kitchens and living rooms, plans to start construction next year on over 1,000 new homes in San Francisco and San Jose....More
From Aug 2016
San Francisco and other large American cities are facing a massive housing affordability problem, with rents spiraling beyond the reach of ordinary people. A fascinating article from the Financial Times argues that Japan may have found a solution to the problem....More
Could there be a more apt place to observe “The Transforming City” than Detroit?
On behalf of Rip Rapson and my colleagues at the Kresge Foundation, welcome to Detroit. If you travel to Detroit regularly, as I have over the past 15 years, you see that Detroit changes quickly....More
The severity of the nationwide homeless crisis in Southern California—with an estimated 53,000 people homeless on any given night in Los Angeles, according to the Los Angeles Mission—is impossible to ignore....More
Study suggests Americans who live in compact counties live longer, on average, than those who reside in more sprawling ones...More
It used to be that $3,000 studios and $5,000 two-bedrooms were average among new apartments in San Francisco. Now those monthly rents are migrating to Oakland....More
Early city planners dreamt up elaborate ideas for America’s cities. But in their dreaming, they had forgotten the people their plans were drawn for....More
Patrick Kennedy, the owner of San Francisco-based development firm Panoramic Interests—which in June 2015 completed the first high-rise micro-unit building in the U.S. with The Panoramic in San Francisco—has an unusual take on housing....More
The more you limit housing, the more you increase displacement
In city after city, we see the same refrain: a neighborhood is starting to attract new residents and new investment, current residents are starting to worry about gentrification....More
The one-story house for sale on Oak Court in Menlo Park, Calif., is 88 years old and 830 square feet, with two bedrooms, one bathroom, a detached one-car garage, and no air conditioning. Almost anywhere else it would be the startiest of starter homes. But because it’s in Silicon Valley, where the supply of housing is far short of the demand, the bungalow was listed in mid-August for $1.575 million....More
"A non-profit funded in part by Mark Zuckerberg has laid out four visions of what the Bay Area could look like in 2070, and three of them are bleak"
… “Our communities are designed to encourage walking and biking. Many neighborhoods have car-free commercial blocks like those found in European cities…”
SPUR, a non-profit devoted good government planning in the San Francisco Bay Area, has published a paper laying out four possible visions for the region in 2070, and three of them are decidedly bleak....More
Some California cities are considering the Lego-like buildings constructed from these apartments, called MicroPads, as an easy way to provide shelter.
In late July, trucks pulled up to a vacant lot in Berkeley, California, carrying shipping-container-sized studio apartments, each already fully built inside. It took four days to stack the Lego-like apartments into a new building....More
“San Francisco is known for being progressive, but has the most extreme NIMBYism in the country,” …
One study recently proclaimed San Francisco’s the highest rents on the planet....More
Imagine a four-story apartment building going up in four days, and from steel.
It happened in Berkeley, a city known for its glacial progress in building housing.
Check out 2711 Shattuck Ave. near downtown Berkeley. Four stories. Four days in July. Including beds, sinks, sofas, and stoves....More
A $300 million West Oakland housing development that hoped to be car-free is pushing ahead — but with the addition of some parking places.
Panoramic Interests plans to build 1,032 units with 44,000 square feet of retail space at 500 Kirkham St., a 3-acre site adjacent to the BART station. The only catch was the grand total of parking spaces that it wanted to build: eight....More
More supply is driving down rents in the Rose City
According to Apartment List.com, rents for one bedroom apartments in Portland have declined 3 percent in the past year. It’s a solid vindication of the standard predictions of economic theory: adding more supply (building more apartments) helps drive down prices....More
If we believe that cities provide economic opportunity, produce fewer carbon emissions per capita than urban sprawl, that cities are more energy efficient, that they have less impact on oceans, lakes, rivers, and streams, that cities afford people of a wide variety of ethnic, economic, and cultural backgrounds to live close to each other and learn from one another, then we should believe that more people ought to be able to live in cities....More
Build expensive new “luxury” apartments, and wait a few decades
One of the most common refrains the the affordable housing discussion is “developers are targeting the high end of the market” and new apartments are just unaffordable. Left to its own devices, we’re told, there’s no way the market will build new housing affordable to the nation’s low and moderate income households....More
The entertaining rooms meant to make us social actually foster isolation
For a recent study, UCLA-affiliated researchers in fields ranging from anthropology to sociology used cameras to record in great detail how 32 dual-income families living in the Los Angeles area used their homes....More
It’s no secret rent in San Francisco costs an arm and at least one leg as the West Coast city usually lands at the top of lists ranking the most expensive places to live in the nation....More
Too many Californians want to ignore the cause of homelessness; the answer is obvious in the Bay Area
Homelessness arises from a lack of homes. That conclusion of a recent UCLA study would seem intuitive, given that lacking a home and being homeless are one and the same. But the connection between the state’s gaping housing shortage and its spreading homelessness still strikes too many Californians as a great controversy requiring endless debate....More
The rising cost of housing in many American cities has led to an affordability crisis for residents who find themselves either rent burdened or living with roommates out of necessity rather than preference. Single-room occupancy housing (SROs), commonly understood as smaller-than-average studio apartments sharing common kitchen or bathroom facilities, may offer a tool for increasing the supply of affordable housing and reducing homelessness in high-cost markets. Unlike apartments shared by roommates, each SRO unit is individually leased....More
It is a great time for anyone looking to rent an apartment: vacancy rates are rising and there are little or no rent increases in many major cities.
For landlords, though, the U.S. apartment market suffered its worst spring since 2010, near the depths of the housing crisis. Driving this dynamic is a flood of new apartments and weakening demand....More
Sky-high housing costs are a significant factor behind California’s homeless crisis, according to a new analysis from UCLA.
In a study contained in the latest UCLA Anderson Forecast, released Wednesday, UCLA found that higher median rent and home prices are strongly correlated with more people living on the streets or in shelters. The research backs other studies that have found a similar relationship....More
Panoramic Interests recently broke ground on a new $100 million, SoMa apartment building at the corner of 12th and Harrison streets in San Francisco.
The development firm, known for its micro and efficient floorplans, has nearly 300 units under construction in San Francisco and Berkeley and is close to leasing all the units to what’s become the firm’s go-to tenants: college students....More
Everyone thinks California is our most progressive state. And why not? It imposes the highest tax on the richest one percent. It is aggressively implementing Obamacare. And it is standing up to President Donald Trump on everything from immigration to the environment....More
Developer Panoramic Interests strung a huge banner across a 6-story apartment construction site in Berkeley proclaiming: “Fire Safety & Security First” with a list of the building’s security features and a phone number to call if anyone sees anything suspicious....More
The Berkeley City Council went on record Tuesday solemnly urging the governor to declare homelessness a statewide emergency while noting its own “comprehensive” efforts to grapple with the housing shortage. At the same time, the council formally objected to legislation that might allow new apartments to encroach on the ocean of asphalt surrounding the North Berkeley BART Station....More
I don’t know how I got to California. But I appeared here some weeks ago, in the form of an insect, like my protagonist in “The Metamorphosis.” And I’m glad I did. If I’d known weather like this in my lifetime, I might not have died of tuberculosis in Prague in 1924, at age 40....More
San Francisco has an estimated 80,000 students but an inventory of only 9,000 beds, creating a significant shortfall, resulting in the construction of another 600-plus beds in the form of City Gardens.
SAN FRANCISCO—With a significant shortfall in housing in general, but also in student housing, the city is desperately in need of quality projects to plug the gap. Fortunately, another 600-plus beds are on the way at 333 12th St....More
It is painfully evident that California is experiencing an extreme housing shortage, and I believe the solution is to build more housing, not to punish small landlords who are already providing solutions. If the Costa-Hawkins Rental Housing Act is repealed and new construction falls under rent control, many developers may simply exit the market, which would further exacerbate the problem....More
The nation’s housing policy for the poor can feel like a giant lottery. Sometimes it actually is a lottery.
For $1,200 a month, Patricia Torres and her family were renting a bedroom, a share of time in the bathroom, one vegetable drawer and one shelf in the fridge, and two cupboards over the stove. They rented not so much a home as a fraction of one....More
California’s housing crisis is centered in the Bay Area, and the region’s booming economy is increasingly inequitable and unsustainable.
That’s the message of two recent studies by two very different organizations. State legislators and local officials shouldn’t need any more evidence to take urgent action....More
In Los Angeles, a city known for its cars, high-end buyers increasingly want homes within steps of bars, restaurants and sports venues
Homelessness in America has reached crisis levels and I am determined to do everything in my power to fix the problem as long as it doesn’t involve changing zoning laws or my ability to drive alone to work or, well, changing anything, really....More
What does Fruitvale tell us about gentrification and displacement?
Gentrification solved, or at least prevented.
That was the celebratory headline announcing a recent study from UCLA’s Latino Politics and Policy Initiative, looking at changes in Oakland’s Fruitvale neighborhood....More
Which is in the greater public interest of San Francisco: Making substantial progress in finally providing housing for homeless people, or fully preserving the occupational prerogatives and political influence of the building trades unions?...More
SB 827 may have been great economics, but it was poor politics.
The recent defeat of SB 827—California State Senator Scott Wiener’s bill that would have legalized apartment construction in area’s well served by transit—...More
Distrust and empowering everyone to equally be a NIMBY is a recipe for perpetual housing problems
The recent defeat of SB 827–California State Senator Scott Wiener’s bill that would have legalized apartment construction in area’s well served by transit–was the subject of a thoughtful post-mortem in the Los Angeles Times: “A major California housing bill failed after opposition from the low-income residents it aimed to help. Here’s how it went wrong.”...More
When a region is fortunate enough to host the birth of a new industry, its population tends to increase. New jobs are created, attracting workers from outside the region who may bring their families. Those new employees need goods and services, which, in turn, attracts more workers and their families to arrive....More
There’s plenty of talk about “greedy developers” being the cause of our housing crisis but the people making out in this crazy market aren’t builders, but existing homeowners....More
People can live elsewhere instead, but we’ll all be poorer if they do.
The sweeping land use reform bill introduced recently by California state Sen. Scott Weiner, a San Francisco Democrat, died in committee this week, bringing to an end an ambitious plan to change zoning in broad swaths of the state by allowing four- to five-story buildings near all rail transit stations and major bus corridors....More
Uber is pedaling full throttle into electric-bike rentals. The ride-hailing company on Monday said it is buying Jump Bikes, the first company to provide stationless bike sharing in San Francisco....More
"The San Francisco housing market is so absurd that teachers are living in dorms — even though their salaries are some of the highest in the country"
At current salary levels, teachers in many cities across the US can’t afford to live near the schools where they teach....More
I see a major shift in the real estate market as we become even more of a renter nation. Why is it happening? Is there a silver lining to this economic cloud?...More
Of the myriad possible responses to California’s housing and homelessness crisis, the state’s politicians have a clear favorite: spending more money. But state and local governments’ evident difficulty using existing housing funds provides reason for skepticism....More
In an example of truly thinking in three dimensions, architects around the globe are beginning to envision housing in a different way. Dubbed “vertical land,” developers are essentially utilizing scaffolding and three-dimensional printing to build homeless shelters on the windowless sides of existing buildings....More
Homelessness has long been a San Francisco problem, and with home prices rising, it’s arguably worse now than ever. A January report on SFgate.com claimed that the city’s homeless count is close to 6,700, and a local advocacy group estimates the count at 12,000....More
The rest aren’t rising, and spatial inequality is getting worse.
Last month a cadre of Silicon Valley venture capitalists took a much-ballyhooed tour of the Rust Belt. As the New York Times glowingly reported, this “Comeback Cities Tour” featured stops in Detroit, Flint, Akron, Youngstown and South Bend....More
As the tech industry grows to unfathomable proportions, San Francisco needs to grow to match it. A call to arms for a city under siege.
…Because it has suppressed the construction of new market-rate housing for decades (between 1980 and 2014, San Francisco grew by more than 170,000 residents but gained only 70,000 housing units), the city bears as much responsibility for the crisis it now finds itself in as the tech industry does.
But it has a chance to make up for its past mistakes, and in the process ensure that this doesn’t become a schizoid city, with subsidized housing on one side of the street and millionaires’ mansions on the other.
To do so, it needs to start building housing—a lot of it. Ironically, the best way to preserve San Francisco will be to change it....More
MENLO PARK, Calif. — John Tenanes, Facebook’s vice president for real estate, is showing off the company’s plans for expansion. It will have offices for thousands of programmers to extend Facebook’s fearsome reach. But that is not what Mr. Tenanes is excited about....More
Understanding how housing markets really work is essential to crafting solutions to our affordability problems
Regular followers of City Observatory will know two things about us: We’re keenly focused on the problem of housing affordability, and we like to treat Portland, Oregon (our local backyard) as a kind of laboratory for better understanding urban issues....More
It’s about more options, not fewer.
California state Sen. Scott Wiener’s SB 827 — a sweeping approach to solve California’s housing crisis by having the state government preempt local zoning ordinances and allow for greater density near rapid transit stations and high-frequency bus stops — is one of the most important ideas in American politics today....More
Legislation would allow more home building along transit routes to reduce gas-guzzling commutes. Some who support the goal have denounced the method.
SAN FRANCISCO — It’s an audacious proposal to get Californians out of their cars: a bill in the State Legislature that would allow eight-story buildings near major transit stops, even if local communities object....More
One of Oakland’s largest housing proposals with 1,032 apartments and zero parking for residents is facing pushback from the city.
Developer Patrick Kennedy of Panoramic Interests wants to build three buildings on a lot at 500 Kirkham St. next to the West Oakland BART. The project includes a 23-story tower that would rise to 233 feet and be the tallest building in West Oakland....More
People are leaving San Francisco in droves as the cost of living reaches a new high.
A recent report from real-estate site Redfin revealed that San Francisco lost more residents than any other US city in the last quarter of 2017....More
Minneapolis is considering inclusionary zoning (IZ), but has qualms based on Portland’s experience. Ironically, a non-existent Minneapolis IZ program was a key part of the argument for adopting Portland’s IZ law in December 2016.
Parts of this commentary are going to seem like a major-league distortion in the space-time continuum, so let’s start with a simple fact: the City of Minneapolis doesn’t have an inclusionary housing requirement–it never has....More
In a rare interview, German designer Dieter Rams has called for a return to well-made, long-lasting products, even if it comes at the expense of design innovation....More
Silicon Valley continues to lead the country in innovation, according to the latest update to the Silicon Valley Leadership Group’s comprehensive report on regional competitiveness and innovation....More
"San Francisco Man Has Spent 4 Years and $1 Million Trying to Get Approval to Turn His Own Laundromat Into an Apartment Building"
Now the city wants the laundromat studied to see if it is a historic resource.
To understand how difficult and expensive it is to build housing in San Francisco, observe the case of Robert Tillman. Tillman owns a single-story laundromat in the city’s Mission District. Since 2014, he has been attempting to develop his property into a 75-unit apartment building....More
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
Joe Cortright presents the antidote to an emerging narrative about the shifting lifestyle preferences of young adults (i.e., Millennials).
There’s been no shortage of recent news reporting data showing young people leaving urban areas—news taken by some as a signal that the end of the back to the city movement of the past decade and more is coming to a close....More
The young and restless are continuing to move to the nation’s large cities
One trend that highlights the growing demand for city living is the increasing tendency of well-educated young adults to live in the close-in urban neighborhoods of the nation’s largest metropolitan areas....More
Nearly two years after a smattering of tiny homes popped up in the Bay Area as a peculiar new way of housing homeless people, the technique is exploding from one end of the region to the other....More
In a normal year, the 207,000-square-foot lease that software company Okta recently signed at 100 First St. would be a cause for celebration, an excuse for the city’s economic development staff to issue a press release highlighting all the jobs coming to San Francisco....More
The so-called “peak millennial” conjecture. Is it right? What does it mean? Should I care?
Time has published an article, based largely on the research of UCLA demographer Dowell Myers, proclaiming that US cities are hitting “peak millennial.” We’ve beencritical of the peak millennial claims in the past....More
Homelessness has shot up in California and elsewhere on the West Coast over the past two years, a federal report said Wednesday, as rising rents and other housing pressures forced more people from the margins onto the street....More
LOS ANGELES (AP) — The nation’s homeless population increased this year for the first time since 2010, driven by a surge in the number of people living on the streets in Los Angeles and other West Coast cities....More
California’s recently passed Senate Bills 2 and 3 will raise several billion dollars in funding for affordable housing over the next ten years. But the Department of Housing and Community Development estimates we face a current shortfall of over two million units affordable to households traditionally served by these programs....More
Every weekday, hundreds of thousands of riders pass through West Oakland’s BART station on their way to San Francisco. Only a handful get off.
More than 100 Chinatown tenants took to the streets Wednesday to protest what they characterize as the latest attempt by real estate speculators to drive out low-income Chinese immigrants and replace them with more affluent renters willing to pay over $1,100 for an 80-square-foot room with no bathroom or kitchen, roughly double what existing residents pay....More
From granny pods to morphing apartments, the future of shelter is evolving
Think about the shape of home. Is it a three-bedroom, single-family dwelling with a scrap of yard? Maybe it’s you and your spouse and your kids—or maybe you share it with a handful of roommates. Or you cram yourself, your bicycle and your cat into a city studio where the rent is, naturally, too damn high.
From Home One Website-Video
We’re creating a public service campaign to build support for affordable housing. We believe that all hard working Americans are entitled to a good, safe, and secure home. We want to educate people about the housing crisis and move them with powerful stories about people whose lives have been transformed by affordable housing opportunities.
…That was in Sunnyvale, which sits in the heart of a Silicon Valley that did not exist when I was a kid. My Uncle Pete was a mail carrier, my Aunt Mimi was a homemaker, and they lived only a mile or two from where, three months ago, a house sold for nearly $800,000 above the asking price....More
From May 2016
New York City’s zoning code turns 100 this year. That may not sound like cause for celebration — except maybe for land-use lawyers and Robert Moses aficionados. Yet for almost every New Yorker, the zoning code plays an outsize role in daily life, shaping virtually every inch of the city....More
RICHMOND — A “MicroPAD” delivered in front of City Hall on Tuesday by a San Francisco developer with long ties to Berkeley is being pitched by local officials as “a bold move to reduce homelessness.”...More
RICHMOND (KRON) — On any given night, there are about 1,600 homeless people on the streets of Contra Costa County and getting roofs over their heads has proven difficult like in most areas....More
RICHMOND (KPIX 5) – An East Bay city is looking to take people off the streets by creating tiny homes for the homeless, but some say it won’t even make a dent in dealing with the issue....More
From Oct 21, 2017
Homelessness is on the rise in Los Angeles. James Brown got his own home there five years ago, and reflects on his two decades living on the streets....More
SAN FRANCISCO — The fires that ravaged Northern California in October claimed lives, weakened communities and scarred one of the West’s most distinctive landscapes. The destruction of an estimated 14,000 homes in the wine country north of San Francisco will worsen a severe housing shortage in a region where rents and housing values are already sky-high....More
Just as California voters might overturn the state’s heavy-handed restrictions on new rent-control units, Stanford economists Rebecca Diamond and Tim McQuade presented a paper in October making the provocative argument that San Francisco rent control ultimately drove rents up citywide since 1995....More
A new study of San Francisco’s rent control shows it raises rents for some
Rent control is a perennially contentious issue. Many housing activists see it as a logical and direct way to make housing more affordable. Economists are almost unanimous that it makes things worse by promoting disinvestment and decreasing supply....More
“For Rent” signs are popping up all over Portland, signaling an easing of the housing crunch and foretelling falling rents
A year ago, in the height of the political season in deep blue Portland (in a county which voted 76 percent for Hillary Clinton) only one thing was rarer than Donald Trump lawn signs: For Rent signs....More
From Sept 2015
Rob Justus has just finished another apartment complex in East Portland — 78 one- and two-bedroom units that rent for $395 to $775 a month. The building cost developer Justus and his bankroller, the nonprofit Portland Habilitation Center, about $5 million to build.
What’s remarkable about the new development, at Southeast 171st Avenue and Division Street, is the math. Justus built at a little under $65,000 per apartment. As a result of keeping building costs low, PHC is able to charge rents that are about half the market rate for comparable apartments in that neighborhood....More
The formal application to convert the former Sports Authority building at 1690 Folsom Street into a full-service Target has been filed with Planning.
The conversion wouldn’t require an expansion of the 40,000-square-foot building nor a major change to the building’s façade, save new signage....More
The high price of affordable housing
It’s a problem that isn’t going away: the so-called “affordable” housing we’re building in many cities–by which we mean publicly subsidized housing that’s dedicated to low and moderate income households–is so expensive to build that we’ll never be able to build enough of it to make a dent in the housing affordability problem....More
Global housing stock has not expanded quickly enough to keep up with a surge in demand, but cities can focus on three supply-side solutions to make progress.
One feeling unites billions of people in cities around the world: a sense of sticker shock whenever they attempt to find a new home. From London to Lagos, housing costs are creating financial stress for a large share of the world’s urban residents....More
Neighborhoods are always changing; half of all renters move every two years.
There’s a subtle perceptual bias that underlies many of the stories about gentrification and neighborhood change. The canonical journalistic account of gentrification focuses on the observable fact that different people now live in a neighborhood than used to live there at some previous time....More
Governor Jerry Brown just signed fifteen affordable-housing bills into law. A few might do a little good. Two senate bills will raise a bit of money. Senate Bill 2 will charge you a recording fee of up to $225 on any transaction not already subject to a transfer tax (e.g. a mortgage refinance) and Senate Bill 3 is a $4 billion housing bond....More
The cost of housing is so high in California, it’s pushing millions of people into poverty.
This isn’t hyperbole. When the cost of living is weighed, California has had the highest poverty rate in the country for years — more than 20 percent of residents, or nearly 8 million people....More
They see themselves as progressive housing activists. Critics call them stooges for luxury developers. Meet the new band of millennials who are priced out of cities and shouting: ‘Yes in my back yard’
When a woman stood up and waved a courgette in the air at a City of Berkeley council meeting this summer, complaining that a new housing development would block the sunlight from her zucchini garden, she probably felt confident that the community was on her side....More
California leads the nation once again in a statistic no state wants to boast about. When the cost of living is factored in, the Golden State has the highest poverty rate in the country....More
What could really help is deregulation, but residents aren’t likely to get it from Democratic lawmakers.
Democrats in Sacramento celebrated earlier this month when they passed a raft of bills intended to redress California’s so-called housing crisis. Sorry to spoil the party, but their legislation will do little to address the real problem and could even make things worse for poor and middle-income residents....More
California Gov. Jerry Brown on Sept. 29, 2017, signed into law two bills – SB 167/AB 678 (Sen. Nancy Skinner/Assembly Member Raul Bocanegra) and AB 1515 (Assembly Member Tom Daly) – that significantly reform California’s Housing Accountability Act (HAA or Act), Cal. Gov. Code §65589.5. These reforms are among the most important of several housing bills signed by the Governor that the California State Legislature enacted in the closing days of the 2017 session....More
“San Francisco’s anti-developer politics have dug it into a self-perpetuating cycle of self-righteousness and displacement.”
“You can’t build your way out of a housing affordability problem.” That’s conventional wisdom. I hear it all the time: Prosperous, growing, tech-rich cities from Seattle to the Bay Area and from Austin to Boston are all gripped by soaring rents and home prices....More
If you live in a coastal city like New York, Boston or San Francisco, you know that the cost of housing has skyrocketed. This housing crisis did not happen by chance: Increasingly restrictive land-use regulations in the last half-century contributed to it....More
The waters are receding in Houston, and so, inevitably, is national interest. But Harvey will leave a huge amount of wreckage behind, some of it invisible. In particular, we don’t yet know just how much poison has been released by flooding of chemical plants, waste dumps, and more....More
Those chipmunks in your yard are survivors
The chipmunks in your yard might be healthier and happier than their counterparts in rural areas, says a Laurentian University researcher.
Albrecht Schulte-Hostedde, a Canada Research Chair in applied evolutionary ecology, said his recent paper published in Oxford University’s Behavioural Ecology, suggests that chipmunks in the city live a surprisingly different life than their relatives in the country....More
3 housing solutions that could impact global problems
Homelessness, lack of affordable housing, natural disaster damage — these are all global problems that can be alleviated through creative housing solutions.
Three types of homes that problem-solvers such as Brad Pitt and Patrick Kennedy are employing to help are tiny houses, micro-units and shipping container homes....More
Meanwhile, rents are up 43 percent in ten years
If housing in San Francisco was as plentiful as data about housing in San Francisco, most renters would be on easy street.
The rental site ApartmentList crunched some census numbers in over 400 cities going back to 2005 to figure out, which metros kept up with construction relative to job growth and which ones were lying down on the job....More
And no amount of hand-waving about “land values” changes that.
Few public policy issues can match urban housing politics for its incendiary combination of passion and misconception. To wit: the confounding idea that relaxing regulations and fees to decrease the cost of homebuilding won’t make homes more affordable....More
Allowing multi-family housing in all residential zones, and aggressively promoting private bidding lowers housing costs
…Vienna is often mentioned as a model for how American cities might do a better job of providing more widespread affordability. While tantalizing, many of the descriptions of the secrets of its reported success are cryptic and incomplete....More
Christopher Thornberg’s “Stop Dissin’ the Housing Market—Set it Free!”, which recently appeared on these pages, is just what California’s housing markets need. Hail to this Beacon Economics PhD! Want more housing? as Thronberg asks: Stop messing with markets!...More
"I’m an architect in LA specializing in multifamily residential. I’d like to do my best to explain a little understood reason why all new large development in LA seems to be luxury development."
From July 6, 2017
A big part of my job is to “spec and mass” potential new large scale developments for developers who are considering building in LA at a particular site. Understanding the code and limitations makes it pretty easy to understand why no developers in the city seem to be making the lower cost units everyone wants.
From Los Angeles to London, civic leaders are searching for creative ways to combine technology and high design to shelter their cities’ growing homeless populations. In Sacramento, where tent villages have brought unwelcome national headlines, a home-builder-turned-councilman and an ambitious MIT-trained developer believe they may have the answer to solving the housing predicament....More
High housing costs continue to be at the center of policy debates in Los Angeles—and across much of the state. This intensifying focus is warranted now more than ever given how the crisis has moved from simply eating up the disposable income of residents to slowing overall employment growth in coastal economies – something driven by a lack of available workers, which in turn is driven by the housing shortage....More
I have bad news for those who oppose new housing, support suburban sprawl, enjoy subjecting working people to long commutes, and who think preserving gas stations is more important than allowing kids to grow up in vibrant cities: YIMBY’s from across the country are gathering in Oakland this week....More
Richard Florida, urban studies professor at the University of Toronto and author of “The New Urban Crisis” discussed how cities are increasing inequality and how pockets of concentrated wealth and poverty are squeezing out the middle class....More
The former Patterson Mansion on Dupont Circle is now Ampeer, a 92-unit luxury resident for “highly-transient” urban professionals.
Remember when apartment buildings with pools and gyms were a big deal? Then real estate developers threw in flat-screen TVs and free wireless. Then concierge services.
And now: instant friends....More
"California lawmakers have tried for 50 years to fix the state’s housing crisis. Here’s why they’ve failed"
After an hour of debate, Herb Perez had had enough. Perez, a councilman in the Bay Area suburb of Foster City, was tired of planning for the construction of new homes to comply with a 50-year-old state law designed to help all Californians live affordably....More
YIMBYs! Socialists! The only thing the Bay Area’s tenant activists hate more than high rent is each other.
Local politics is always, in one way or another, about housing. In San Francisco, a deep blue city whose fault lines long ago ceased to resemble America’s, that politics is a vitriolic civic scrimmage, where people who agree about almost every national issue make sworn enemies over zoning, demolition, and development....More
The Chronicle took a hard look at four core issues of homelessness last summer. Here’s an update on what’s changed since then and what still needs to be done....More
From June 19, 2007: A controversial bill before the state legislature would preempt cities’ rights to prevent new affordable housing.
People can’t afford to be poor in Portland, Oregon. Nearly half of the households that rent in the Portland metro area pay too much. Almost one-quarter (24.3 percent) of these households are severely cost burdened, meaning half of their household income goes to keeping a roof over their heads....More
On the face of it, San Francisco’s homeless problem should have improved dramatically over the past year.
After all, last summer Mayor Ed Lee formed the Department of Homelessness and Supportive Housing to focus on the city’s most perplexing problem.
The city spent $275 million on homelessness and supportive housing in the fiscal year that ends Friday, up from $241 million the year before....More
From June 20, 2017: Tech startups helped turn a handful of metro areas into megastars. Now they’re tearing those cities apart.
In the 1980s, I was part of a team doing research into the geography of the high-tech industry. We couldn’t find a single significant high-tech company in an urban neighborhood. Instead, they were all out in the suburbs—not just Intel and Apple in Silicon Valley,...More
From June 14, 2017
How many Nobel laureates (or NL, in UC–Berkeley parking parlance) does it take to break America’s automobile dependence?
On June 1, the U.S. Climate Mayors—a network of more than 300 city leaders, including the mayors of the country’s five largest cities—published a commitment to “adopt, honor, and uphold the commitments to the goals enshrined in the Paris Agreement.” The cities would carry out the promises Donald Trump had abandoned....More
The good news in University of California Los Angeles’s new Anderson Forecast—the Anderson School of Management’s regular assessment of how jobs and housing will shape up in California and the larger United States—is that California cities are building more housing than expected....More
We have a shortage of affordable housing in San Francisco.
Because housing is so artificially scarce, and therefore expensive in San Francisco, we force developers to include “below market rate” units in every housing development or pay fees....More
The fallacy of composition leads people to get the connection between density and affordability backwards
Our good friend at Strong Towns, Chuck Marohn is utterly right about a great many things. But he’s committed a classic Kotkinesque blunder when it comes to evaluating the connection between density and home prices....More
The project by the San Francisco studio Panoramic Interests is designed to address the issue of the city’s many homeless residents
One of the things that shocks first-time visitors to San Francisco is the number of homeless people that crowd the California metropolis, which has historically welcomed the least well-off....More
How America’s most progressive cities are making global warming worse.
On June 1, the US Climate Mayors—a network of more than 300 city leaders, including the mayors of the country’s five largest cities—published a commitment to “adopt, honor, and uphold the commitments to the goals enshrined in the Paris Agreement.” The cities would carry out the promises Donald Trump had abandoned....More
If you’re a renter in California concerned about the high cost of living here, or looking to purchase your first home, your prospects aren’t looking up.
Projections show rents will continue to surge, especially for low- and middle-income people in places like San Francisco, Los Angeles and Sacramento, and home prices will become increasingly expensive, according to an economic analysis in the Anderson Forecast from the University of California, Los Angeles, released this month.
“It was already bad before, but it’s getting worse,”...More
From January-Mach 2017
The arrival of vast amounts of speculative capital in big cities around the nation and world during this century has fed a tremendous urban building boom....More
From January-March 2017
There is no doubt that public policy needs to grapple with the challenges that our low-income households face in gentrifying neighborhoods, and the ways in which racial discrimination and inequality affect the causes and consequences of those challenges....More
When you build a city that enables people to drive less, they spend less on cars and gas and have more to spend on other things.
Here is my 2007 report, published by CEOs for Cities, which describes Portland’s Green Dividend–the additional income that Portland area residents have to spend because they drive fewer miles than the typical American urban dweller....More
New housing developments have been rising in Mountain View at a rapid rate, but the city still faces an essential Silicon Valley conundrum: With going rates starting at nearly $3,000 a month for a new studio apartment unit and climbing...More
TUSTIN First off, don’t call it a “tiny house” — at least in the presence of its promoter.
This cozy, 160-square-foot abode is a MicroPAD, shorthand for Prefab Affordable Dwelling. And it’s more than just cute, said Patrick Kennedy, who began marketing the diminutive habitat this year. It’s an answer to homelessness, he said....More
In Omaha, Nebraska, $160,000 snags you a 3-bedroom home, but in San Francisco, it simply gets you a storage locker.
Such was the case on May 20 when residents at the Lumina, a luxury condominium development in San Francisco’s trendy South of Market neighborhood, participated in an online bidding war over storage units up for auction....More
A new way for San Francisco to create entry-level housing is taking shape in an old building on a forgotten block — an old bathhouse on the edge of the Tenderloin....More
From April 2017
As a mother of two children and wife to a steadily employed husband, Brianne Reynolds considered herself to be a typical, hard-working American. In addition to taking care of her kids during the day, she worked the night shifts at a local grocery store as a custodian in order to pay the bills....More
TUSTIN, Calif. (FOX 11) – There’s enough space for a bed, desk and chair, a kitchen with a microwave and refrigerator, as well as a shower, sink and some closets — all in 160 square feet.
These MicroPad units could be the solution to the city’s homeless problem, providing stackable, interlockable, apartment spaces for people otherwise on the streets....More
Miranda is one of an estimated 7,500 people who call San Francisco streets her home....More
From April 2017
Aguably, land use controls have a more widespread impact on the lives of ordinary Americans than any other regulation. These controls, typically imposed by localities, make housing more expensive and restrict the growth of America’s most succesSFul metropolitan areas. These regulations have accreted over time with virtually no cost-benefit analysis....More
The only thing worse than listening to suburbanites bitch about being stuck in traffic? Listening to local politicians pretend they can actually do something to Make Commutes Great Fast Again....More
When Benny Ventura, a 25-year-old visual designer from Austin, Tex., moved to New York last September, he knew he would not be making enough to live alone, but he did not know anyone he could split an apartment with. Like countless other freshly minted New Yorkers, he set about looking for a room....More
Sacramento, especially the Downtown and Midtown areas, has the fastest rising rents in the country. As the Bay Area’s middle class gets “squeezed out in droves,” as a Newsweek article put it last year, those rents will continue rise.
“I see that increasing supply of housing is one way to combat the really crazy changes that we see in rent,” says Louis Mirante, co-chair of House Sacramento, a new “pro-housing, pro-infil, anti-rising rents organization,” is one of Sacramento’s most active YIMBYs. The movement counters NYMBY-ism, (Not In My Backyard) to support new development of housing through local political involvement....More