San Francisco

SAN FRANCISCO BAY AREA HOUSING 3Q17: Affordability Limits Continue to be Tested; Average Prices Hit Record Levels

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• Annualized new home starts in 3Q17 are up 2.5% compared to 3Q16, while closings are up 1.7%. Quarterly new home starts were up 31% while closings are down 4% compared to 3Q16.

• The average base price for new Single Family detached homes is up 17% YoY to a Metrostudy record, $1.03M; the average price for Attached homes is $905K, an increase of 5%.  read more »

Progressive Cities: Home of the Worst Housing Inequality

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America's most highly regulated housing markets are also reliably the most progressive in their political attitudes. Yet in terms of gaining an opportunity to own a house, the price impacts of the tough regulation mean profound inequality for the most disadvantaged large ethnicities, African-Americans and Hispanics.  read more »

The Precariat Shoppe

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The precariat is a term coined to describe the segment of the population that lives without security or predictability. These days it often refers to the former American middle class that’s currently experiencing reduced circumstances. There’s always been a precariat, but it usually includes a minor subset of the population that no one really likes or cares about. Indentured Irish servants, black slaves, Jewish and Italian sweatshop workers, Mexican field hands, Puerto Rican cleaning ladies… It’s a long list.  read more »

Meet Marble

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I’ve lived in this neighborhood for so long that I’ve grown used to tech start ups beta testing their schemes on my doorstep. I remember the first time I saw a car drive by with a huge furry pink mustache strapped to the front grill between the headlights. That was the start of Lyft. I have a clear memory from 2008 when a friend rented her apartment out on a new internet platform. That was Airbnb. Back in the late 1990s during the dot com bubble there was a start up that would deliver everything from milk to condoms via bicycle courier.  read more »

Can California Survive a Tech Bust?

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California’s economic revival has sparked widespread notions, shared by Jerry Brown and observers elsewhere, that its economy — and policy agenda — should be adopted by the rest of the country. And, to be sure, the Golden State has made a strong recovery in the last five years, but this may prove to be far more vulnerable than its boosters imagine.  read more »

Is California About to Clobber Local Control?

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The gradual decimation of local voice in planning has become accepted policy in Sacramento. The State Senate is now considering two dangerous bills, SB 35 and SB 167, that together severely curtail democratic control of housing.

SB 35: Housing Accountability and Affordability Act (Wiener)  read more »

Bay Area Residents (Rightly) Expect Traffic to Get Worse

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In a just released poll by the Bay Area Council a majority of respondents indicated an expectation that traffic congestion in the Bay Area (the San Jose-San Francisco combined statistical area) is likely to get worse.  read more »

King Tide

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10,000 years ago San Francisco Bay was a dry grassy valley populated by elephants, zebras, and camels. The planet was significantly cooler and dryer back then. Sea level was lower since glaciers in the north pulled water out of the oceans. The bay isn’t that deep so a relatively small change in sea level pushed the coastline out by twelve miles from its present location. Further back in pre-history when the earth was warmer than today sea level was higher.  read more »

Kevin Starr, chronicler of the California dream

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“From the Beginning, California promised much. While yet barely a name on the map, it entered American awareness as a symbol of renewal. It was a final frontier: of geography and of expectation.”

— Kevin Starr, “Americans and the California Dream, 1850-1915” (1973)

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How Silicon Valley’s Oligarchs Are Learning to Stop Worrying and Love Trump

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The oligarchs’ ball at Trump Tower revealed one not-so-well-kept secret about the tech moguls: They are more like the new president than they are like you or me.

In what devolved into something of a love fest, Trump embraced the tech elite for their “incredible innovation” and pledged to help them achieve their goals—one of which, of course, is to become even richer. And for all their proud talk about “disruption,” they also know that they will have to accommodate, to some extent, our newly elected disrupter in chief for at least the next four years.  read more »