Skyrocketing rental prices in the Bay Area, especially Silicon Valley, are showing no sign of easing up, according to a new survey.
New data on the Bay Area housing market indicates a sharp increase in home values paired with higher rents across the region.
A storage locker in downtown San Jose is the closest thing some people have to a home.
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.
In another sign of San Francisco’s red hot rental market, people living in a dilapidated apartment in the Lower Haight neighborhood are challenging their landlord’s plan to raise their rent to more than $6,000 a month.
Tenants at a rent-controlled apartment building in San Francisco’s Lower-Haight neighborhood say they’ve received notice from their landlord that they need to prove an annual income of $100,000 in addition to a high credit score.
Monique Geraldine Morris was arraigned in Superior Court in San Jose on three counts of grand theft and one count of attempted grand theft.
Stephen Levy, Director of the Center for Continuing Study of the California Economy in Palo Alto, said the skyrocketing prices are having wide-ranging effects on the economy.
KCBS’ Jane McMillan and Ed Cavagnaro speak with Janan New, executive director of the San Francisco Apartment Association—a nonprofit and advocacy group for owners of rental property in the city. She says that they are contemplating a lawsuit over the relocation fees proposed by Supervisor David Campos and passed by the Board of Supervisors.