Both sides argue whether the luxe condo development will ensure more affordable housing in the future.
A split City Council moves ahead with plan to seize underwater mortgages to force better loan terms.
By Emilie Raguso, Berkeleyside A 70-unit five-story building proposed at Shattuck Avenue and Derby Street faced steep neighborhood opposition at a recent zoning board meeting in Berkeley. The 60-foot-tall proposal, set to include 35 garage parking spaces, 81 bike spots and a 2,000-square-foot restaurant, has been designed by Lowney Architecture, and comes to the city […]
We’re not surprised, but still. With a nod to England’s new royal infant, real estate listing service Redfin came out with the most expensive American cities for baby’s first year this week. San Jose ranked No.1, with a total cost of $41,600. Santa Cruz (2), San Francisco (4) and Santa Rosa (7) were close behind. […]
The apartment rental startup Zumper has updated its maps of the median rents for one and two bedroom apartments in San Francisco by neighborhood. It found that the median price for a one-bedroom in the city is now $2,764. The median price for a two-bedroom is $4,000. The median is the numerical value separating the […]
This won’t come as a surprise to Bay Area residents: the region is still growing. By one estimate, the Bay Area will add two million people by 2040, a 30 percent increase over today’s population of about seven million. More people means more housing and more traffic. But regional planning agencies have another target to […]
It comes as no surprise to anyone who has tried to find an apartment in Silicon Valley. But in case you had any doubt, the U.S. Census Bureau confirmed on Tuesday that rents there are the highest in the country. The Census says that its 2011 American Community Survey found the estimated “gross median rent” […]
How do you afford a studio apartment in San Francisco? Well, if you’re earning the minimum wage, you work 72 hours a week by the calculations of the National Low Income Housing Coalition. And that’s getting off easy. San Francisco has a higher minimum wage than the rest of the country, $10.55 an hour. If […]
By Sam Harnett Update: The Board of Supervisors Land Use and Economic Development Committee, which had been expected to vote on a one-time fix for tenancy-in-common homeowners who want to convert their units to condos, will put off consideration of the measure until next month. Aides to Supervisor Mark Farrell, the lead sponsor of the […]
California Attorney General Kamala Harris on Tuesday joined the U.S. Justice Department and 12 other states in suing Standard & Poor’s credit rating agency for allegedly inflating its ratings of mortgage-backed securities. The suit claims that S&P’s inaccurate ratings caused California’s public pension funds and other investors to lose billions of dollars. “They misrepresented their […]