Most Bay Area residents belive the region’s high cost of housing and increasing congestion on local roadways are reaching “crisis” levels, according to a new poll released Wednesday.
Teachers in San Francisco say they are being priced out of the city, and even their jobs.
The first in a series of surveys taking the pulse of Bay Area attitudes finds that crime, transportation and housing costs have been unseated as the number one concern among Bay Area residents by fears about the overall cost of living.
A study from home mortgage tracker HSH.com indicates the average worker in the San Francisco Bay Area needs to earn $137,129 a year to buy the median-priced home in the region, more than four times the salary required in the five cheapest metropolitan areas: Cleveland ($29k), Pittsburgh ($30k), St. Louis ($31), Cincinnati ($31) and Detroit ($32k).
The proposed 10 story project would bring more than 300 units to the Mission District, though many residents said they are again being priced out of their neighborhood.
Anti-eviction activists, a group of Google investors, and a group led by Reverend Jesse Jackson are holding protests outside Google’s headquarters in Mountain View.
The middle class is being pushed out of the San Francisco metro area’s housing market.
Twitter Announces Partnership With San Francisco Non-Profit To Teach Tech Skills To Low-Income Families
Twitter is joining forces with a San Francisco non-profit organization to teach tech skills to local homeless and low-income families.
The report, titled “Underwater America: How the So-Called Housing ‘Recovery’ is Bypassing Many American Communities” is a first-of-its-kind look at the magnitude of the underwater mortgage issue.
Realtors are using the words “overbid madness” to describe what’s happening in San Francisco’s housing market. One case in point is a home that was sold hundreds of thousands above the asking price.