Jonathan Lansner, real estate columnist in the EB Times yesterday reported that as housing became more plentiful while the state’s population declined, the opposite of what the developer/Yimby narrative said would happen, happened. Prices went up.
More housing availability didn’t help at all.
Maybe the wise people in Sacramento don’t actually know what they are talking about.
Good article on today’s WSJ (10/23/2024) on how payments to contractors consulting on the housing element are helping Portola Valley go broke. Can anyone tell how much Piedmont has spent on the housing element including contractors . Publicity and staff time? Was it much more than necessary to meet the A BAG criteria ?
The Oakland A’s play their last game at the Coliseum this week. The prelude to that happened 25 years ago when Oakland City Manager Robert Bobb and Mayor Jerry Brown feuded over downtown development. Bobb wanted to redevelop the area between 880 and the Fox Theater for a downtown baseball stadium while Brown wanted 10,000…
Under California Government Code Section 65580-65589.8, each city and county in California must include a “Housing Element” within their General Plan. This is a requirement for each city and county to plan for and the construction of enough housing to meet the needs of their region. The key word here is: PLAN. If my research…
I have been disinterested in what has been happening with the Housing Element until I watched the Moraga Canyon Specific Plan on video. Takeaways: * 60 affordable units will most likely be property tax exempt! * Only the 70 market rate units will be billed for property taxes * The City Budget will remain neutral…
