Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
One chilly afternoon in March, Michelle Malliett came home to her Mission district apartment to find a legal notice taped to her door. The notice gave her three days to move out of her two-bedroom apartment, an illegal in-law unit that she shares with her 17-year-old daughter. Her reaction? “I panicked,” she recalls. Malliett, 49,…
If you are exactly like me, you live in a dense urban environment and assume that dense urban environments are the way of the future, and suburbs are dark hellpits full of enormous PetSmart outlets and molly-soaked teens. But perhaps this is incorrect? If you are exactly like me, you naturally expect that over time…
After four years of crammed open houses, heated competition and dizzying price gains that sent the median cost of a home to $1.2 million, San Francisco’s real estate market is starting to lose steam. The inventory of luxury homes is at a record high. A smaller share of deals have bidding wars. Rent growth for…
Is there any good place to live? A few years back I went to San Francisco to visit a friend. San Francisco is abjectly awful. You’d be hard pressed to find a place where the contrast between the poor and the rich is as sad and stark. But like any good gentrified city, there is…
San Francisco voters approved Prop. C, a ballot measure that will more than double the city’s affordable housing requirement for new housing projects. Housing developers and their supporters are now bracing for how to make future developments financially feasible in a city where building housing is already costly and takes several years. Enlarge Residents wait…
“My, isn’t downtown exotic!” (kupicoo/iStockPhoto) Every so often, a newspaper will publish a Rich Person Real Estate Trend piece so horrifying I am certain I will keel over at my desk and die. Usually the Times is responsible for these monstrosities. But somehow, today the Wall Street Journal managed to top even the couple…
Examples of these markets include San Antonio, where Blomquist says flippers are actually purchasing at a 7.8 percent premium above estimated full market value, as well as Austin, Texas; Salt Lake City; Naples, Florida; Dallas and San Jose, California. Despite the premium to buy, flippers are still seeing growing gains in profit. Home flippers realized…
Republican presidential candidate Donald Trump holds a rally with supporters in Fresno, California. Photo by Jonathan Ernst/Reuters FRESNO, Calif. — Presumptive Republican presidential nominee Donald Trump told California voters Friday that he can solve their water crisis, declaring that: “There is no drought.” Speaking at a rally in Fresno, Calif., Trump accused state officials of…
Over the past four years, the number of million-dollar homes in the US has doubled. In 19 American towns, 100% of residences are now worth at least seven figures. Those findings come from real-estate listing company Trulia, which included properties not currently listed for sale in its calculations. Hanalei CDP, HI 100% Rolling Hills city,…
After a couple of years off, Curbed’s column Three Cents Worth makes its triumphant return! This week, real estate appraiser, Curbed graph guru, blogger, and podcaster Jonathan Miller looks at the what’s going on in Manhattan’s up-and-down rental market. The April 2016 Manhattan-Brooklyn-Queens rental report was published late last week and I thought I’d present some additional Manhattan rental charts. Rents in…