It’s too early to know what the local news media will do about a Board of Supes committee deciding today to once again delay Mayor London Breed’s extensive changes in local housing approval rules.
But based on a big piece in the SF Standard today, we can guess: It will be all about the Nimbys continuing to slow down changes that would allow more housing in the city and bring down prices.
The market for luxury condominiums in San Francisco has fallen into the doldrums as demand fades during an oversupply from hundreds of luxury condos flooding the city in the last five years. Fewer of the city’s new fancy condos in Downtown, where more than a third of the offices stand empty, find takers. The sluggish sales may be blamed on higher interest rates, which have forced local and foreign buyers to hit pause on purchases.
”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data. If you want a quasi-affordable California home, look far from the coast and the big cities. My trusty spreadsheet reviewed third-quarter homebuying affordability stats for 578 big US counties – including 35 California counties.
In March, the Office of the State Auditor released a report on the implementation of the Regional Housing Needs Assessment, the massive planning process that seeks to add 2.5 million housing units to the state over the next eight years.
Most of the major news media in the state ignored the audit, which was pretty scathing: It said, in essence that the Department of Housing and Community Development, which oversees RHNA, bungled the numbers.
I should know better than to take seriously any analysis of the city’s housing crisis coming from the Office of State Sen. Scott Wiener and SPUR, and I would rather just ignore this Chronicle oped, which is headlined “Why SF NIMBYs are about to lose all their power to stop housing.”
By Alyssa Erdley, Observer Staff Writer
January 13, 2022
Last night Santa Monica Audit Subcommittee Commissioner and Santa Monica native Marc Verville exploded the myth of a housing supply crisis in the state or the city. The crisis, Verville explained, is in the surge in real estate value.
Verville explained to the nearly 60 participants in the virtual meeting how the supply of housing in California has easily kept up with population growth. There is, in fact, no supply crisis.
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER
A weekly Zoom call to talk about housing legislation and strategies to preserve local control. Bring your questions and ideas. Informal networking, announcements, and updates. PLEASE NOTE: You have to register in advance the first time to get the new Zoom link. After registering, you will receive a confirmation email containing information about joining the meeting. The Zoom link will work for the rest of the year. REGISTER