Posts

Showing posts from February, 2015

Biz Journals: Mission Moratorium Proposal Progresses, Setting up Next Epic Housing Fight

Image
 A Mission District group that last week publicly floated the idea of a controversial plan to stop new market-rate housing in the neighborhood has put the proposal on paper. The move means the political fight over gentrification will likely move into the Board of Supervisors' chambers this year. Calle 24, a group of Mission businesses, nonprofits and residents, officially proposed Thursday that the city stop approvals for market-rate housing projects until it can study how to increase the number of affordable units that those projects would subsidize. Supervisor David Campos, who represents the Mission, has said he will soon turn Calle 24's recommendations into legislation. The group is also calling on the city to fast-track the development of affordable housing projects on public sites in the area and temporarily halt the building of high-end restaurants and the merging of retail space. "While initially it seems counter-intuitive to seek interim controls on develop

San Francisco Rent in 2015 is The Most Expensive City

Image
San Francisco is still a renter’s worst nightmare, and it’s kicking 2015 off with yet more  record-high price tags . According to real estate listings site Zumper, the median rent for a one-bedroom apartment in San Francisco jumped to $3,410 last month, up 0.6 percent from December. That’s about $400 more than the median one-bedroom in New York, which San Francisco  surpassed in rent prices for the first time   last September The median price of a two-bedroom apartment in San Francisco also rose 0.9 percent over the last month, making it about $1,000 more expensive for two-bedrooms than New York. It’s a slight but unwelcome uptick in a city where rent prices shot up 13.5 percent in 2014. San Francisco has become increasingly unaffordable for many of its long-time residents and low-wage workers as an influx of Silicon Valley wealth floods the city. Income inequality in San Francisco is so great that it’s on par with that of developing nations , the city’s Human Services

New Listing coming soon !!

Image
 New Listing coming soon  2 bedroom 2 bath condo in Sunset District.