In California, Governor Newsom went from a recall election to signing three of the biggest housing bills in years. It’s action spurred by the housing affordability crisis that has long been the norm in the Golden State. Here’s a rundown on the new laws and my take on them. The New Laws Beginning January 1, Senate Bill 9 gives most homeowners the option to build two homes or a duplex on plots zoned for single homes. In some cases, those …
Category: Affordable Housing
Breaking news – Bay Area commutes are the worst in the country. Who knew!? I’m guessing the 7.15 million Bay Area residents are all too familiar with commute times, which factor heavily into the local decision about where to live (along with median home price, schools, and crime). PropertyShark recently compiled a list of the ten best Bay Area cities for living if you’re stuck with the SF commute. Here’s the rundown. 10. San Leandro With an average commute time …
The San Francisco Board of Supervisors just unanimously passed legislation allowing for the addition of new in-law units throughout Districts 3 & 8. This affects the following neighborhoods: Chinatown, Nob Hill, Russian Hill, North Beach, Fisherman’s Wharf, Polk Street, the Financial District, Union Square, Castro, Eureka Valley, Upper Market, Noe Valley, Duboce Triangle, Diamond Heights, Glen Park, College Hill, Corona Heights, Buena Vista, Twin Peaks, Mission-Dolores, and parts of the Inner Mission. This comes in the wake of city-wide legislation passed earlier …
No San Francisco neighborhood has so squarely positioned itself at the epicenter of opposition to rising housing costs than the Mission District. Of course, housing un-affordability is but one of many rapid changes in the neighborhood, and seeking legislative action is but one response (sidebar: remember when protestors were blocking tech shuttles?) — and median home prices have soared 76% citywide since 2011! For now, let’s take a focused look at some of the real estate sales dynamics in the Mission. …
In 2014, the San Francisco skyline will adapt to the high demands for housing. As the country’s top-ranked market construction pipeline, San Francisco has approved the addition of 43, 850 new residential units, many following the trend of micro-housing. For an expanded view, roughly only 35,000 units have been constructed in the city by the bay over the past 14 years. Supporting a thriving bay area economy, positioned by an increase in equity capital and a hot job market, San …
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