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A 2021 study by housing economists Joseph Gyourko and Jacob Krimmel estimated that artificially inflated land prices—referred to as a "zoning tax", or the cost for the "right to build"—brought on by tight residential zoning rules amounted to more than $400,000 per home in San Francisco.
[60] [52] The resultant high demand for housing, combined with the lack of supply, (caused by severe restrictions on the building of new housing units) has caused dramatic increases in rents and extremely high housing prices, adding to the already developing housing crisis. For example, from 2012 to 2017, the San Francisco metropolitan area ...
In 2017, the median price of a home in California was more than 2.5 times the median in the U.S. as a whole, and in California's coastal urban areas, the shortage was greater than the inland areas, as demonstrated by the median prices of homes in those respective markets: $1.3M in San Francisco, $1M in San Jose, and $600k in Los Angeles, while ...
One of the seven projects at issue, a rehabilitation of an 84-unit public housing complex in San Francisco’s Hayes Valley neighborhood, will offer two-, three- and four-bedroom apartments for ...
In an effort to make housing more affordable in the San Francisco Bay Area, the billionaire philanthropist MacKenzie Scott donated $8 million in late September to a local nonprofit that acquires ...
San Francisco could get 90% of its homeless off the streets with the country’s fiercest housing speculation tax, but landlords are already fighting it tooth and nail Irina Ivanova October 21 ...
The city's first ever affordable housing complex for previously homeless residents, Second Street Studios, opened in August 2019. [27] San Jose was one of few cities in America to have rent control laws, which were adopted by the city in 1979. [28] A statewide rent control bill was signed into law by governor Gavin Newsom in October 2019. [29]
Here's a look back at 2012's major developments in residential real estate -- along with insight on what lies ahead for the housing market in 2013. %Gallery-173886% Show comments
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