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.
Usually it’s sellers who take out real estate ads, but in the Bay Area’s searing hot housing market, one Berkeley couple fed up with being outbid has resorted to advertising the millions in cash they’re ready to spend on a dream home.
Residents in Larkspur are concerned over a proposed high-density housing project, saying it would become a nuisance.
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).
Claudia Meyer grew up in Los Altos. Her parents bought their home for $18,000, a far cry from how much homes are today.
The middle class is being pushed out of the San Francisco metro area’s housing market.
After a year of being beat out on every San Francisco property they bid on, a family switched realtors and bought a house that wasn’t for sale.
As property values skyrocket in the Bay Area, mobile home parks are being left in the dust, and landlords in an East Bay city might have to pay the price for pushing those low-rent tenants out.
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