Gov. Jerry Brown's housing plan could wipe away development rules in Los Angeles and San Francisco

Gov. Jerry Brown's housing plan could wipe away development rules in Los Angeles and San Francisco

For anyone who has dealt with submitting plans for a residential development in Santa Cruz or the Bay Area, they can relate to the frustrations that Governor Brown is currently trying to address. Theoretically, if you submit plans for a development that fall within current zoning and planning guidelines, you should be approved and your project should move forward in a timely fashion. 99% of the time this does not happen, which causes most developments to ultimately cost more. If Governor Brown can pass his housing plan, this could greatly increase efficiency and appeal for developers, which will stimulate growth, jobs, etc. Planning will still play the role of approving or changing zoning and general plans so that we keep everything in balance. What are your thoughts?

To read the entire article, go to: http://www.latimes.com/politics/la-pol-sac-jerry-brown-housing-cities-20160602-snap-story.html

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Finally, some good news about the Silicon Valley housing crisis

Finally, some good news about the Silicon Valley housing crisis

Typically, most of the news we hear regarding the Silicon Valley housing is regarded as a "crisis", but last week the Mountain View City Council took a huge step in a positive direction. The city approved a new planning document for the North Bayshore district (Google-land), which plans for the creation of 10,250 high density units. This would be a substantial increase, considering that Mountain View currently has about 32,000 households total. Now the next step is to see who is willing to build these units, keeping in mind the high land prices and the low income housing requirements. So far, Google (for obvious reasons) and Sobrato are the only two companies that have expressed an interest in building. Hopefully this move by the Mountain View City Council will be implemented in other areas in the Silicon Valley.

To check out the planning document: http://mountainview.legistar.com/gateway.aspx?M=F&ID=fdb717c2-ba5a-4dce-a669-86d255263e53.pdf

To read the entire article, go to: http://www.vox.com/2016/3/7/11173750/google-silicon-valley-housing-crisis

 

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California Homeowners Caught in Affordability Squeeze Staying Put

California Homeowners Caught in Affordability Squeeze Staying Put

Whenever the Santa Cruz / Bay Area housing market starts nearing a peak, most home owners contemplate selling. They see all the appreciation in their home and want to capitalize on it. The main question this brings up is, "what's our next move"? Do we buy back into this overpriced market or do we rent until prices come back down? The answer can sometimes be tricky, it really depends on the sellers circumstances. For me, I like to try to get the most out of the market, so selling and then waiting for a market reset is my first choice. What are your thoughts? 

To read the entire article, go to: http://www.worldpropertyjournal.com/real-estate-news/united-states/los-angeles-real-estate-news/california-home-affordability-2015-survey-of-california-homeowners-california-association-of-realtors-rising-home-prices-in-california-affordability-squeeze-real-estate-news-9326.php

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With Market Rates Unaffordable, Oakland Turns To Building Teacher-Only Affordable Housing

With Market Rates Unaffordable, Oakland Turns To Building Teacher-Only Affordable Housing

Teachers in the Santa Cruz / Bay Area are a crucial part of our society. They help shape, educate and encourage people to reach their potential, but unfortunately most are not paid accordingly or even enough to afford housing in the area they teach. 

Most cities have dedicated programs in the planning department for low income housing but now Oakland has taken the first step in providing "Teacher only Affordable Housing". This has the potential to be a game changer for teacher industry. Lets hope this becomes a reality in other cities as well.

To read the entire article, go to: http://thinkprogress.org/economy/2015/08/27/3696231/oakland-teachers-affordable-housing-proposal/

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