Palo Alto mayor Patrick Burt says: “Palo Alto’s greatest problem right now is the Bay Area’s massive job growth.” And he wants to “meter” businesses to control “reckless job growth” in the Silicon Valley suburb.
The housing affordability crisis in the Bay Area is causing many small businesses to lose the most important part of their operations — their employees.
On Friday, the Los Angeles County Superior Court heard a case brought by real estate mogul Greg Geiser against a couple whom he evicted — and who retaliated by staging a protest in front of his own house with the help of a group called the Alliance of Californians for Community Empowerment (ACCE).
A billboard on Ocean Avenue in San Francisco has advertised brand new homes starting from the “low” price of $1,000,000.
The administration’s housing regulation, Affirmatively Furthering Fair Housing (AFFH), gives the federal government the power to decide the racial composition of communities in America. The regulation allows for the Department of Housing and Urban Development to withhold money from cities and municipalities that fail to address racial disparities in their communities. Congress is likely to defund Obama’s housing rules in the forthcoming omnibus spending bill.
Indeed, even The New York Times economic columnist Paul Krugman–an unabashed supporter of government intervention into the market–dedicated an entire column to highlighting the role of housing restrictions and inequality.
Our green and pleasant land is being concreted over due to the relentless, though thoroughly predictable demand for housing. As a councillor I see applications come in weekly for the destruction of green field sites around Lincolnshire. The most recent being 600
San Francisco is enjoying the benefits of a new tech boom, but black residents are left behind–or leaving.
That’s the story told by new data on incomes, which show that white, Asian and Latino residents saw increases in 2014, but blacks saw their incomes fall by nearly 5 percent,
A petition calling on the government to halt all immigration to the UK “immediately” has raced past the 100,000 signature mark, meaning that it is now eligible for debate in the House of Commons. However, it is unlikely to be
The Department of Housing and Urban Development is reporting that Obama is moving forward with threatened plans to force “diversity” on wealthier neighborhoods by using the federal government’s influence to build housing for lower income families.
Prices for homes in the Bay Area have increased to the point where hi-tech workers are fleeing to the Pacific Northwest to find affordable housing, according to the real estate site Redfin. The median home price in the Bay Area has surpassed $1 million, and Redfin CEO Glenn Kelman told the San Francisco Chronicle that one-quarter of Bay Area searchers are checking areas elsewhere–a steep hike from the one-seventh of searchers looking elsewhere in 2011.
With San Francisco offering massive tax incentives to redevelop 77 dilapidated warehouse buildings into a “Twitter Town” for the “digerati” venture capital crowd, the adjacent Mission District community is now in turmoil, as the city’s poor are being booted to make room for new buildings and Airbnb vacation rental conversions.
On Monday, San Francisco Mayor Ed Lee will offer a new proposal entailing the revival of moribund housing plans worth $500 million as he competes with Supervisor John Avalos, who announced a $500 million bond measure last week at the same board meeting in which Lee proposed a $250 million affordable housing plan.
According to the California Realtors’ home ownership affordability report, only 28 percent of Los Angeles residents can afford to buy a home in Los Angeles, due to the combination of low inventory and the fact that the Dodd-Frank Consumer Protection Act made it much harder for immigrants and first-time buyers to qualify for a loan.
Assembly Speaker Toni Atkins, a lesbian whose wife, Jennifer LeSar, heads LeSar Development Consultants, which specializes in affordable housing, has been accused of conflict of interest for her proposal that California hand out $500 million for apartments for low-income residents.
A Liberal Democrat peer and director of a developer which has been seeking, unsuccessfully, to build a new market town of 10,000 homes in rural Sussex, is now lobbying the government for developers to be given the right to buy agricultural
Despite all the pain Americans suffered from sub-prime lending, the Federal Housing Administration (FHA) and the Community Redevelopment Act (CRA) are once again pushing low-income people with little or financial cushion into dicey mortgage loans.
High housing costs across the Golden State are causing hundreds of thousands of low and middle-income workers to pack up and leave for other states.
On Thursday’s broadcast of NBC’s “Today,” CNBC “Mad Money” host Jim Cramer forecasted 2015 to be an improvement for the American economy, with the possibility of pitfalls abroad being the only thing to interfere. “This is a year where the
